Gamestop Corporation (GME) research, news, and more from GeoInvesting

Company description

Wed, 30 Jul 2008 04:00:00 GMT

GameStop Corp. is the world's largest video game and entertainment software retailer. The company operates 4,816 retail stores across the United States and in fifteen countries worldwide. The company also operates two e-commerce sites, GameStop.com and EBgames.com, and publishes Game Informer magazine, a leading multi-platform video game publication. GameStop Corp. sells new and used video game software, hardware and accessories for next generation video game systems from Sony, Nintendo, and Microsoft. In addition, the company sells PC entertainment software, related accessories and other merchandise.

Comments & Business Outlook

Mon, 22 Jun 2009 04:00:00 GMT

“We continue to profitably manage our business through the global recession by effectively managing our buy-sell-trade model and maintaining tight expense control. In fact, we were able to retire $50 million of senior notes and end the quarter with cash of $230 million. I am also pleased that we were able to capitalize on the downward pressure of rents, and open 114 new stores. As in the past, we continue to improve operating margins, build brand and value awareness with consumers, and gain market share as we expand the video game market worldwide.”

Gamestop initiated 2009 second quarter financial guidance and reaffirmed its 2009 full year guidance.

2nd Quarter 2009 Guidance Ending July ^a

	2nd Quarter 2009 Guidance	2nd Quarter 2008 Reported	Period Change
GAAP Revenue	$1.66 to $1.99 billion	$1.8 billion	-8% to -11%
GAAP EPS ^b	$0.28 to $0.33	$0.34	-17.6 to -2.9%

FULL YEAR 2009 Guidance Ending January ^a

	Full Year 2009 Guidance	Full Year 2008 Reported	Period Change
GAAP Revenue	$8 to $7.86 billion	$8.8 billion	10.0% to 12.0%
GAAP EPS ^b	$2.03 to $1.97	2.39 to $2.40	18% to 22%

Source: See Release (May 21, 2009)

^a The above forecasts reflect the Company's current and preliminary view and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Comments & Business Outlook

Sat, 21 Feb 2009 05:00:00 GMT

Guidance Report: (Non-China)

Full Year Fiscal 2008 Guidance Ending January

	2008 Guidance	2007 Reported	Period Change
GAAP Revenue	$8.8 billion	$7.1 billion	24%
GAAP EPS	2.39 to $2.40	$1.80	33%

Full Year Fiscal 2009 Guidance Ending January

	2009 Guidance	2008 Guidance	Period Change
GAAP Revenue	$8 to $7.86 billion	$8.8 billion	10.0% to 12.0%
GAAP EPS	$2.03 to $1.97	2.39 to $2.40	18% to 22%

"The video game business continues to enjoy robust growth, making it the fastest growing of the many consumer goods categories,” said Dan DeMatteo, Chief Executive Officer of GameStop. “2008 marked yet another year of strong new hardware sales, which will again help drive sales of new video games in the years ahead. This trend continued in January as NPD reported US new hardware unit sales grew 29%, led by Nintendo’s Wii, DS and Microsoft’s Xbox 360.

Although our trade-in model is widely known as a driver of new software sales, our exceptional growth is also a function of thousands of conveniently located stores, excellent supply chain management, and the expertise of our associates who operate GameStop stores. Also of note is our US advertising penetration, and the power of our magazine, Game Informer, which is the twelfth largest consumer magazine in America, with over 3 million subscribers. We are energized by the fact that video gaming has gone mainstream, with recent industry data showing that nearly half of new gamers are over 35 years old and 40% are female,” concluded DeMatteo.

Source: Business Wire (February 19, 2009)