GameStop Corp. (NYSE: GME) today reported sales
and earnings for the second quarter ended August 4, 2018.
Rob Lloyd, chief operating officer and chief
financial officer, said, “Our second quarter results were in line
with our expectations and highlighted by solid growth in new
hardware, accessories and collectibles. As we enter the back
half of the year, we are focused on preparing our organization,
particularly our stores and associates, to deliver the best
customer experience in the video game industry to support an
exciting slate of titles launching this fall, starting tomorrow and
through the holiday season. The anticipation around the
upcoming video games across several franchises is extraordinary and
we remain well positioned to leverage our industry-leading position
to drive growth in the second half.”
Strategic and Financial Alternatives
ReviewThe company also confirmed that it continues to
engage with third parties regarding a possible transaction as part
of a comprehensive review of strategic and financial alternatives
initiated by the company’s board of directors. The ongoing process
includes a thorough evaluation of a full range of alternatives to
enhance shareholder value.
Dan DeMatteo, executive chairman of GameStop’s
board of directors, stated, “As our teams prepare for a busy and
exciting holiday period, our board of directors, with the support
of our financial and legal advisors, continues to conduct a
comprehensive review of strategic and financial alternatives,
including, but not limited to, a potential sale of the
company.”
The company noted there can be no assurance that
the board’s review will result in any transaction. The company does
not intend to discuss or disclose further developments related to
its review unless and until further disclosure is
appropriate. The company and board of directors have been
working with Perella Weinberg Partners LP as financial advisor and
Sullivan & Cromwell LLP and Pepper Hamilton LLP as legal
advisors to assist in the review process.
Second Quarter
ResultsConsistent with the company’s expectations, total
global sales decreased 2.4% to $1.65 billion (decreased 2.9%
in constant currency), resulting in a consolidated comparable store
sales decrease of 0.5% (2.4% increase in the U.S. and 6.4% decrease
internationally). New hardware sales increased 20.1%, driven by the
launch of the Xbox One X and continued strong sales of the Nintendo
Switch and PS4. New software sales decreased 18.5%
primarily due to the lack of significant title launches during the
quarter. Pre-owned sales declined 9.9%.
Digital receipts increased 15.3% to $255.9
million, excluding the second quarter 2017 revenues from
Kongregate, which was sold in July 2017. On a reported basis,
digital sales decreased 13.5% to $40.2 million due to the sale of
Kongregate.
Collectibles sales increased 15.7% to $141.7
million, driven by continued expansion of licensed merchandise
offerings, new and improved product offerings and notable growth in
apparel.
Technology Brands operating earnings, increased
35.3% to $20.3 million compared to $15.0 million in the prior-year
quarter, despite a 10.3% decline in sales to $168.9 million,
primarily due to store closures relative to fiscal 2017.
GameStop’s second quarter GAAP net income (loss)
was ($24.9) million, or ($0.24) per diluted share, compared to net
income of $22.2 million, or $0.22 per diluted share in the
prior-year quarter. Second quarter fiscal 2018 results
include a non-operating tax charge of $29.6 million, or $0.29 per
diluted share, related to the company’s previously disclosed tax
matter in France. The second quarter of fiscal 2017 included
a benefit from business divestitures of $7.3 million (both before
and after tax), or $0.07 per diluted share.
Excluding the non-operating tax charge,
GameStop's adjusted net income for the second quarter was $4.7
million, compared to adjusted net income of $14.9 million in the
prior-year quarter. Adjusted earnings per diluted share were
$0.05 compared to adjusted earnings per diluted share of $0.15 in
the prior-year quarter.
A reconciliation of non-GAAP results, including
adjusted net income, operating earnings and Technology Brands
operating earnings to its closest GAAP measure is included with
this release (Schedule III).
Capital Allocation UpdateOn
September 4, 2018, GameStop’s board of directors declared a
quarterly cash dividend of $0.38 per common share that is payable
on October 2, 2018 to shareholders of record at the close of
business on September 18, 2018.
2018 GuidanceGameStop is
reiterating its previously issued annual guidance for fiscal
2018.
|
|
Total Sales
|
-2.0% to -6.0%
|
|
|
Comparable Store Sales
(excludes Tech Brands stores) |
Flat to -5% |
|
|
Adjusted (Non-GAAP)
Income Tax Rate |
26.0% to 27.0% (1) |
|
|
Adjusted (Non-GAAP)
Earnings Per Share (diluted) |
$3.00 to $3.35 (2) |
|
|
Capital
Expenditures |
$110.0 million to
$120.0 million |
|
|
Earnings per share guidance is calculated based
on weighted average shares outstanding of approximately 102
million.(1) The adjusted income tax rate excludes all adjustments
in the first half of fiscal 2018 and potential charges in Q3 or
Q4. (2) A reconciliation of non-GAAP forward-looking
projections to GAAP financial measures is not available as the
nature or amount of potential adjustments, which may be
significant, cannot be determined at this time.
Conference Call InformationA
conference call with GameStop Corp.’s management is scheduled for
September 6, 2018 at 5:00 p.m. ET to discuss the company’s
financial results. The phone number for the call is 888-254-3590
and the passcode is 6167383. This call, along with
supplemental information, can also be accessed at GameStop Corp.’s
investor relations home page at http://investor.GameStop.com/. The
conference call will be archived for two months on GameStop’s
corporate website.
About GameStopGameStop Corp., a
Fortune 500 company headquartered in Grapevine, Texas, is a global,
multichannel video game, consumer electronics and wireless services
retailer. GameStop operates over 7,100 stores across 14 countries.
The company's consumer product network also includes
www.gamestop.com; Game Informer® magazine, the world's leading
print and digital video game publication; and ThinkGeek,
www.thinkgeek.com, the premier retailer for the global geek
community featuring exclusive and unique video game and pop culture
products. Our Technology Brands segment includes over 1,300 Spring
Mobile AT&T and Simply Mac stores. Spring Mobile,
www.springmobile.com, sells all of AT&T’s products and
services, including DIRECTV, devices and related accessories in
select markets in the U.S. Simply Mac, www.simplymac.com, sells the
full line of Apple products, including laptops, tablets, and
smartphones and offers Apple certified warranty and repair
services.
General information about GameStop Corp. can be
obtained at the company’s corporate website. Follow @GameStop and
@GameStopCorp on Twitter and find GameStop on Facebook
at www.facebook.com/GameStop.
Non-GAAP Measures and Other
MetricsAs a supplement to our financial results presented
in accordance with U.S. generally accepted accounting principles
(GAAP), GameStop may use certain non-GAAP measures, such as
adjusted operating earnings, adjusted net income and constant
currency. We believe these non-GAAP financial measures provide
useful information to investors in evaluating our core operating
performance. Adjusted operating earnings and adjusted net income
exclude the effect of items such as asset impairments, store
closure costs, severance, non-operating tax charges, as well as
acquisition and divestiture costs. Results reported as
constant currency exclude the impact of fluctuations in foreign
currency exchange rates by converting our local currency financial
results using the prior period exchange rates and comparing these
adjusted amounts to our current period reported results. Our
definition and calculation of non-GAAP measures may differ from
that of other companies. Non-GAAP financial measures should be
viewed in addition to, and not as an alternative for, the company's
reported GAAP financial results. Additionally, GameStop uses
“digital receipts” as an operating metric and defines it as the
retail value paid by the customer for digital content sold
individually or bundled with non-digital products and sales of
subscriptions to our Game Informer magazine in digital form. The
vast majority of our digital receipts come from digital products
that are sold individually rather than bundled with other products.
Under GAAP, we recognize the sale of these digital products on a
net basis, whereby the commissions earned are recorded to revenue
rather than the full retail price paid by the customer. We believe
this operating metric is useful in understanding the size and
performance of our digital business in comparison to measures of
the overall digital industry revenues and our other video game
product categories.
Safe HarborThis press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
are based upon management’s current beliefs, views, estimates and
expectations, including as to the Company’s industry, business
strategy, goals and expectations concerning its market position,
future operations, margins, profitability, capital expenditures,
liquidity and capital resources and other financial and operating
information. Such statements include without limitation those about
the Company’s outlook for fiscal 2018, future financial and
operating results, projections, expectations and other statements
that are not historical facts. All statements regarding the board’s
review of operating, strategic, financial and structural
alternatives and expected costs and benefits, including whether
operating, strategic, financial and structural alternatives could
unlock value, are forward-looking statements. Forward-looking
statements are subject to significant risks and uncertainties and
actual developments, business decisions and results may differ
materially from those reflected or described in the forward-looking
statements. The following factors, among others, could cause actual
results to differ from those reflected or described in the
forward-looking statements: the uncertain outcome, impact, effects
and results of the board’s review of operating, strategic,
financial and structural alternatives; volatility in capital and
credit markets, including changes that reduce availability, and
increase costs, of capital and credit; our inability to obtain
sufficient quantities of product to meet consumer demand; the
timing of release and consumer demand for new and pre-owned
products; our ability to continue to expand, and successfully open
and operate new stores for our collectibles and technology brands
businesses; risks associated with achievement of anticipated
financial and operating results from acquisitions; our ability to
sustain and grow our console digital video game sales; the impact
of goodwill and intangible asset impairments; cost reduction
initiatives, including store closing costs; risks related to
changes in, and our continued retention of, executive officers and
other key personnel; changes in consumer preferences and economic
conditions; increased operating costs, including wages; cyber
security events and related costs; risks associated with
international operations; changes to our wireless industry
partnerships and operations; increased competition and changing
technology in the video game industry; changes in domestic or
foreign laws and regulations that reduce consumer demand for, or
increase prices of, our products or otherwise adversely affect our
business; our effective tax rate and the factors affecting our
effective tax rate, including changes in international, federal or
state tax, trade and other laws and regulations; the costs and
outcomes of legal proceedings and tax audits; and unexpected
changes in the assumptions underlying our outlook for fiscal 2018.
Additional factors that could cause our results to differ
materially from those reflected or described in the forward-looking
statements can be found in GameStop's Annual Report on Form 10-K
for the fiscal year ended February 3, 2018 filed with the SEC and
available at the SEC's Internet site at http://www.sec.gov or
http://investor.GameStop.com. Forward-looking statements contained
in this press release speak only as of the date of this release.
The Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by any
applicable securities laws.
|
GameStop Corp. |
Condensed Consolidated Statements of
Operations |
(in millions, except per share
data) |
(unaudited) |
|
|
|
13 weeks ended August 4,
2018 |
|
13 weeks ended July 29,
2017 |
Net sales |
|
$ |
1,646.7 |
|
|
$ |
1,687.6 |
|
Cost of sales |
|
1,050.6 |
|
|
1,063.9 |
|
Gross
profit |
|
596.1 |
|
|
623.7 |
|
Selling, general and
administrative expenses |
|
542.3 |
|
|
542.4 |
|
Depreciation and
amortization |
|
32.2 |
|
|
37.7 |
|
Operating
earnings |
|
21.6 |
|
|
43.6 |
|
Interest expense,
net |
|
13.9 |
|
|
14.4 |
|
Earnings
before income tax expense |
|
7.7 |
|
|
29.2 |
|
Income tax expense |
|
32.6 |
|
|
7.0 |
|
Net
(loss) income |
|
$ |
(24.9 |
) |
|
$ |
22.2 |
|
|
|
|
|
|
Net (loss) income per
common share: |
|
|
|
|
Basic |
|
$ |
(0.24 |
) |
|
$ |
0.22 |
|
Diluted |
|
$ |
(0.24 |
) |
|
$ |
0.22 |
|
|
|
|
|
|
Dividends per common
share |
|
$ |
0.38 |
|
|
$ |
0.38 |
|
|
|
|
|
|
Weighted-average common
shares outstanding: |
|
|
|
|
Basic |
|
102.1 |
|
|
101.4 |
|
Diluted |
|
102.1 |
|
|
101.5 |
|
|
|
|
|
|
|
|
|
|
|
Percentage of Net
Sales: |
|
|
|
|
|
|
|
|
|
Net sales |
|
100.0 |
% |
|
100.0 |
% |
Cost of sales |
|
63.8 |
% |
|
63.0 |
% |
Gross
profit |
|
36.2 |
% |
|
37.0 |
% |
Selling, general and
administrative expenses |
|
32.9 |
% |
|
32.2 |
% |
Depreciation and
amortization |
|
2.0 |
% |
|
2.2 |
% |
Operating
earnings |
|
1.3 |
% |
|
2.6 |
% |
Interest expense,
net |
|
0.8 |
% |
|
0.9 |
% |
Earnings
before income tax expense |
|
0.5 |
% |
|
1.7 |
% |
Income tax expense |
|
2.0 |
% |
|
0.4 |
% |
Net
(loss) income |
|
(1.5 |
)% |
|
1.3 |
% |
|
|
|
|
|
|
|
|
GameStop Corp. |
Condensed Consolidated Statements of
Operations |
(in millions, except per share
data) |
(unaudited) |
|
|
|
26 weeks ended August 4,
2018 |
|
26 weeks ended July 29,
2017 |
Net sales |
|
$ |
3,580.7 |
|
|
$ |
3,733.5 |
|
Cost of sales |
|
2,327.3 |
|
|
2,407.3 |
|
Gross
profit |
|
1,253.4 |
|
|
1,326.2 |
|
Selling, general and
administrative expenses |
|
1,108.4 |
|
|
1,105.9 |
|
Depreciation and
amortization |
|
66.3 |
|
|
75.6 |
|
Operating
earnings |
|
78.7 |
|
|
144.7 |
|
Interest expense,
net |
|
27.6 |
|
|
28.3 |
|
Earnings
before income tax expense |
|
51.1 |
|
|
116.4 |
|
Income tax expense |
|
47.8 |
|
|
35.2 |
|
Net
income |
|
$ |
3.3 |
|
|
$ |
81.2 |
|
|
|
|
|
|
Net income per common
share: |
|
|
|
|
Basic |
|
$ |
0.03 |
|
|
$ |
0.80 |
|
Diluted |
|
$ |
0.03 |
|
|
$ |
0.80 |
|
|
|
|
|
|
Dividends per common
share |
|
$ |
0.76 |
|
|
$ |
0.76 |
|
|
|
|
|
|
Weighted-average common
shares outstanding: |
|
|
|
|
Basic |
|
101.9 |
|
|
101.3 |
|
Diluted |
|
102.1 |
|
|
101.4 |
|
|
|
|
|
|
|
|
|
|
|
Percentage of Net
Sales: |
|
|
|
|
|
|
|
|
|
Net sales |
|
100.0 |
% |
|
100.0 |
% |
Cost of sales |
|
65.0 |
% |
|
64.5 |
% |
Gross
profit |
|
35.0 |
% |
|
35.5 |
% |
Selling, general and
administrative expenses |
|
30.9 |
% |
|
29.6 |
% |
Depreciation and
amortization |
|
1.9 |
% |
|
2.0 |
% |
Operating
earnings |
|
2.2 |
% |
|
3.9 |
% |
Interest expense,
net |
|
0.8 |
% |
|
0.8 |
% |
Earnings
before income tax expense |
|
1.4 |
% |
|
3.1 |
% |
Income tax expense |
|
1.3 |
% |
|
0.9 |
% |
Net
income |
|
0.1 |
% |
|
2.2 |
% |
|
|
|
|
|
|
|
|
GameStop Corp. |
Condensed Consolidated Balance
Sheets |
(in millions) |
(unaudited) |
|
|
|
August 4, 2018 |
|
July 29, 2017 |
ASSETS: |
Current assets: |
|
|
|
|
Cash and
cash equivalents |
|
$ |
279.6 |
|
|
$ |
262.1 |
|
Receivables, net |
|
169.7 |
|
|
185.4 |
|
Merchandise inventories, net |
|
1,237.0 |
|
|
1,140.6 |
|
Prepaid
expenses and other current assets |
|
168.4 |
|
|
202.5 |
|
Total
current assets |
|
1,854.7 |
|
|
1,790.6 |
|
Property and
equipment: |
|
|
|
|
Land |
|
18.9 |
|
|
19.7 |
|
Buildings
and leasehold improvements |
|
724.6 |
|
|
753.4 |
|
Fixtures
and equipment |
|
974.5 |
|
|
965.7 |
|
Total
property and equipment |
|
1,718.0 |
|
|
1,738.8 |
|
Less
accumulated depreciation |
|
1,318.5 |
|
|
1,281.4 |
|
Net
property and equipment |
|
399.5 |
|
|
457.4 |
|
Goodwill |
|
1,654.8 |
|
|
1,698.0 |
|
Other noncurrent
assets |
|
373.4 |
|
|
663.8 |
|
Total
assets |
|
$ |
4,282.4 |
|
|
$ |
4,609.8 |
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY: |
Current
liabilities: |
|
|
|
|
Accounts
payable |
|
$ |
541.7 |
|
|
$ |
469.8 |
|
Accrued
liabilities |
|
680.7 |
|
|
855.8 |
|
Income
taxes payable |
|
53.3 |
|
|
12.1 |
|
Total
current liabilities |
|
1,275.7 |
|
|
1,337.7 |
|
Other long-term
liabilities |
|
83.3 |
|
|
144.0 |
|
Long-term debt,
net |
|
819.2 |
|
|
816.4 |
|
Total
liabilities |
|
2,178.2 |
|
|
2,298.1 |
|
Stockholders’
equity |
|
2,104.2 |
|
|
2,311.7 |
|
Total liabilities and
stockholders’ equity |
|
$ |
4,282.4 |
|
|
$ |
4,609.8 |
|
|
GameStop Corp. |
|
Schedule I |
Sales Mix |
(unaudited) |
|
|
|
13 Weeks Ended |
|
13 Weeks Ended |
|
|
August 4, 2018 |
|
July 29, 2017 |
|
|
Net |
|
Percent |
|
Net |
|
Percent |
Net Sales (in
millions): |
|
Sales |
|
of Total |
|
Sales |
|
of Total |
|
|
|
|
|
|
|
|
|
New video game
hardware |
|
$ |
298.3 |
|
|
18.1 |
% |
|
$ |
248.4 |
|
|
14.7 |
% |
New video game
software |
|
300.9 |
|
|
18.3 |
% |
|
369.3 |
|
|
21.9 |
% |
Pre-owned and value
video game products |
|
452.1 |
|
|
27.5 |
% |
|
501.8 |
|
|
29.7 |
% |
Video game
accessories |
|
187.3 |
|
|
11.4 |
% |
|
144.1 |
|
|
8.5 |
% |
Digital |
|
40.2 |
|
|
2.4 |
% |
|
46.5 |
|
|
2.8 |
% |
Technology Brands |
|
168.9 |
|
|
10.3 |
% |
|
188.3 |
|
|
11.2 |
% |
Collectibles |
|
141.7 |
|
|
8.6 |
% |
|
122.5 |
|
|
7.3 |
% |
Other |
|
57.3 |
|
|
3.4 |
% |
|
66.7 |
|
|
3.9 |
% |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
1,646.7 |
|
|
100.0 |
% |
|
$ |
1,687.6 |
|
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule II |
Gross Profit Mix |
(unaudited) |
|
|
|
13 Weeks Ended |
|
13 Weeks Ended |
|
|
August 4, 2018 |
|
July 29, 2017 |
Gross Profit (in
millions): |
|
GrossProfit |
|
GrossProfitPercent |
|
Gross Profit |
|
Gross Profit Percent |
|
|
|
|
|
|
|
|
|
New video game
hardware |
|
$ |
34.6 |
|
|
11.6 |
% |
|
$ |
26.7 |
|
|
10.7 |
% |
New video game
software |
|
67.9 |
|
|
22.6 |
% |
|
81.8 |
|
|
22.2 |
% |
Pre-owned and value
video game products |
|
197.5 |
|
|
43.7 |
% |
|
225.6 |
|
|
45.0 |
% |
Video game
accessories |
|
62.7 |
|
|
33.5 |
% |
|
47.7 |
|
|
33.1 |
% |
Digital |
|
36.3 |
|
|
90.3 |
% |
|
37.9 |
|
|
81.5 |
% |
Technology Brands |
|
132.4 |
|
|
78.4 |
% |
|
138.9 |
|
|
73.8 |
% |
Collectibles |
|
45.1 |
|
|
31.8 |
% |
|
43.2 |
|
|
35.3 |
% |
Other |
|
19.6 |
|
|
34.2 |
% |
|
21.9 |
|
|
32.8 |
% |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
596.1 |
|
|
36.2 |
% |
|
$ |
623.7 |
|
|
37.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP resultsThe following table reconciles
the Company's operating earnings, net income and earnings per share
as presented in its unaudited consolidated statements of operations
and prepared in accordance with Generally Accepted Accounting
Principles ("GAAP") to its adjusted operating earnings, net income
and earnings per share. The diluted weighted-average shares
outstanding used to calculate adjusted earnings per share for the
13 weeks ended August 4, 2018 differs from GAAP weighted-average
shares outstanding and assumes the inclusion of 0.1 million common
stock equivalents associated with restricted stock awards. Under
GAAP, basic and diluted weighted-average shares outstanding are the
same in periods where there is a net loss.
|
|
GameStop Corp. |
|
|
|
|
|
|
|
Schedule III |
|
(in millions, except per share
data) |
|
(unaudited) |
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
13 Weeks Ended |
|
26 Weeks Ended |
|
26 Weeks Ended |
|
|
August 4, 2018 |
|
July 29, 2017 |
|
August 4, 2018 |
|
July 29, 2017 |
Technology
Brands Adjusted Operating Earnings |
|
|
|
|
|
|
|
|
Technology Brands
operating earnings |
|
$ |
20.3 |
|
|
$ |
15.0 |
|
|
$ |
30.1 |
|
|
$ |
26.1 |
|
Store closure
costs |
|
— |
|
|
— |
|
|
1.4 |
|
|
7.3 |
|
Technology Brands
adjusted operating earnings |
|
$ |
20.3 |
|
|
$ |
15.0 |
|
|
$ |
31.5 |
|
|
$ |
33.4 |
|
|
|
|
|
|
|
|
|
|
Consolidated
Adjusted Operating Earnings |
|
|
|
|
|
|
|
|
Operating earnings |
|
$ |
21.6 |
|
|
$ |
43.6 |
|
|
$ |
78.7 |
|
|
$ |
144.7 |
|
Store closure
costs |
|
— |
|
|
— |
|
|
1.4 |
|
|
7.3 |
|
Severance and
other |
|
— |
|
|
— |
|
|
11.2 |
|
|
— |
|
Business
divestitures |
|
— |
|
|
(7.3 |
) |
|
— |
|
|
(7.3 |
) |
Adjusted operating
earnings |
|
$ |
21.6 |
|
|
$ |
36.3 |
|
|
$ |
91.3 |
|
|
$ |
144.7 |
|
|
|
|
|
|
|
|
|
|
Consolidated
Adjusted Net Income |
|
|
|
|
|
|
|
|
Net (loss) income |
|
$ |
(24.9 |
) |
|
$ |
22.2 |
|
|
$ |
3.3 |
|
|
$ |
81.2 |
|
Non-operating
tax charge |
|
29.6 |
|
|
— |
|
|
29.6 |
|
|
— |
|
Store closure
costs |
|
— |
|
|
— |
|
|
1.4 |
|
|
7.3 |
|
Severance and
other |
|
— |
|
|
— |
|
|
11.2 |
|
|
— |
|
Business
divestitures |
|
— |
|
|
(7.3 |
) |
|
— |
|
|
(7.3 |
) |
Tax effect of
non-GAAP adjustments |
|
— |
|
|
— |
|
|
(1.8 |
) |
|
(2.7 |
) |
Adjusted net
income |
|
$ |
4.7 |
|
|
$ |
14.9 |
|
|
$ |
43.7 |
|
|
$ |
78.5 |
|
|
|
|
|
|
|
|
|
|
Adjusted
Earnings Per Share |
|
|
|
|
|
|
|
|
Basic |
|
$ |
0.05 |
|
|
$ |
0.15 |
|
|
$ |
0.43 |
|
|
$ |
0.77 |
|
Diluted |
|
$ |
0.05 |
|
|
$ |
0.15 |
|
|
$ |
0.43 |
|
|
$ |
0.77 |
|
|
|
|
|
|
|
|
|
|
Number of shares used
in adjusted calculation |
|
|
|
|
|
|
|
|
Basic |
|
102.1 |
|
|
101.4 |
|
|
101.9 |
|
|
101.3 |
|
Diluted |
|
102.2 |
|
|
101.5 |
|
|
102.1 |
|
|
101.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contact
Mike Loftus
Vice President, Global Controller and Investor Relations
GameStop Corp.
investorrelations@gamestop.com
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