December 27, 2014 7:06 AM ET

Specialty Retail

Company Overview of GameStop Corp.

Company Overview

GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. The company sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; personal computer (PC) entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; digital products, including downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; strategy guides, magazi...

625 Westport Parkway

Grapevine, TX 76051

United States

Founded in 1994

17,000 Employees

Phone:

817-424-2000

Key Executives for GameStop Corp.

Chief Executive Officer and Director
Age: 50
Total Annual Compensation: $2.0M
President
Age: 50
Total Annual Compensation: $1.4M
Executive Chairman
Age: 66
Total Annual Compensation: $1.8M
Chief Financial Officer and Executive Vice President
Age: 52
Total Annual Compensation: $1.0M
Executive Vice President of Gamestop International
Age: 53
Total Annual Compensation: $998.3K
Compensation as of Fiscal Year 2013.

GameStop Corp. Key Developments

GameStop Corp.(NYSE:GME) dropped from S&P 500 Growth Index

GameStop Corp.(NYSE:GME) dropped from S&P 500 Growth Index

GameStop Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter and Fiscal Year of 2014

GameStop Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. Total global sales for the third quarter of 2014 were $2,092.2 million compared to $2,106.7 million in the prior year quarter. Consolidated negative comparable store sales were 2.3%. Topline and comparable store sales were negatively impacted by the delayed release of Assassin's Creed Unity. GameStop's net income was $56.4 million against $68.6 million in the prior year quarter. Diluted earnings per share were $0.50 against $0.58 in the prior year quarter. Operating earnings was $89.8 million against $109.1 million a year ago. Earnings before income tax expense were $86.7 million against $108.4 million a year ago. Non-GAAP net income was $64.3 million or $0.57 diluted earnings per share against $68.6 million or $0.58 diluted earnings per share a year ago. For the nine months, net sales were $5,819.9 million, operating earnings was $232.4 million, earnings before income tax expense was $227.6 million and net income was $149.0 million or $1.30 per diluted share against net sales of $5,355.7 million, operating income of $215.1 million, income before income tax expense of $212.2 million and consolidated net income of $133.7 million or $1.12 per diluted share for the same period a year ago. Non-GAAP net income was $156.9 million or $1.37 diluted earnings per share against $133.7 million or $1.12 diluted earnings per share a year ago. For the fourth quarter of fiscal 2014, the company expects comparable store sales to range from negative 5.0% to positive 2.0%. Diluted earnings per share are expected to range from $2.08 to $2.24, representing +10.0% to +18.5% growth over the prior year quarter. For fiscal year 2014, diluted earnings per share are now expected to range from $3.40 to $3.55, excluding the non-recurring charges of $0.07, representing +13.5% to +18.5% growth over the prior year. Full year comparable store sales are now expected to range from +2.0% to +5.0%.

GameStop Corp. Approves Quarterly Cash Dividend, Payable on December 16, 2014

GameStop Corp.'s board of directors approved a cash dividend to its stockholders. The quarterly dividend of $0.33 per share of Class A Common Stock will be paid on December 16, 2014 to stockholders of record on the close of business on November 25, 2014.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
November 12, 2014
--
Merger/Acquisition
September 15, 2014
GameStop Corp., Portfolio of Spanish Stores
 

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