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Key Developments: GameStop Corp (GME.N)

GME.N on New York Stock Exchange

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26 May 2016
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Latest Key Developments (Source: Significant Developments)

Gamestop reports Q1 adj earnings of $0.66 per share
Thursday, 26 May 2016 04:05pm EDT 

Gamestop Corp : For q2 of fiscal 2016, Gamestop expects comparable store sales to range from -7.0% to -4.0% . Qtrly total global sales decreased 4.3% to $1.97 billion, while consolidated comparable store sales declined 6.2% . Sees FY comparable store sales range of -3.0% to 0.0% . Q1 consolidated comparable store sales declined 6.2% (-6.6% in u.s. And -4.9% internationally) . For Q2 of fiscal 2016, Gamestop expects diluted earnings per share are expected to range from $0.23 to $0.3 . Fy2017 earnings per share view $4.04, revenue view $9.53 billion -- Thomson Reuters I/B/E/S . Q2 earnings per share view $0.33, revenue view $1.80 billion -- Thomson Reuters I/B/E/S . Q1 revenue view $1.97 billion -- Thomson Reuters I/B/E/S . Gamestop reports first quarter 2016 results . Q1 adjusted earnings per share $0.66 . Q1 earnings per share view $0.61 -- Thomson Reuters I/B/E/S . Reaffirms fy 2016 earnings per share view $3.90 to $4.05 .Q1 earnings per share $0.63 including items.  Full Article

GameStop Corp announces the pricing of its $475 million offering of 6.75% senior notes due 2021
Friday, 4 Mar 2016 04:40pm EST 

GameStop Corp:Announces the pricing of its $475 million offering of 6.75% senior notes due 2021.Says notes will bear interest at a rate of 6.75%.Notes will pay interest semi-annually in cash in arrears on March 15 and September 15 of each year, beginning on September 15, 2016.  Full Article

GameStop Corp announces $400 million private offering of senior notes
Wednesday, 2 Mar 2016 08:00am EST 

GameStop Corp:Intends to offer and sell $400 million in aggregate principal amount of unsecured senior notes due 2021.Intends to use the net proceeds from the Notes Offering for general corporate purposes.  Full Article

GameStop Increases Annual Cash Dividend
Tuesday, 23 Feb 2016 04:05pm EST 

GameStop Corp:approved a 3% increase of its regular annual cash dividend from $1.44 to $1.48 per share.The regular quarterly dividend of $0.37 per share will be payable on March 22, 2016 to all shareholders of record as of March 8, 2016.  Full Article

GameStop Corp updates Q4, FY 2015 guidance
Tuesday, 12 Jan 2016 08:30am EST 

GameStop Corp:Updates its previously announced Q4 and FY 2015 earnings per share guidance.Expects Q4 2014 same store sales of +2.5% to +4.0% (prior guidance -1.0% to +6.0%).Expects Q4 2014 earnings per share of $2.19 to $2.25 (prior guidance $2.12 to $2.32).Expects FY 2015 same store sales of +4.0% to +5.0% (prior guidance +2.0% to +6.0%).Expects FY 2015 earnings per share of $3.69 to $3.75 (prior guidance $3.66 to $3.86).  Full Article

GameStop Corp reiterates FY 2015 EPS guidance
Monday, 23 Nov 2015 08:30am EST 

GameStop Corp:Reiterates FY 2015 earnings per share (EPS) guidance range of $3.66 to $3.86.  Full Article

GameStop Corp declared a quarterly cash dividend
Thursday, 27 Aug 2015 04:00pm EDT 

GameStop Corp:Declared a quarterly cash dividend of $0.36 per common share payable on Sept. 22, 2015, to shareholders of record as of the close of business on Sept. 9, 2015.  Full Article

GameStop completes acquisition of Geeknet
Friday, 17 Jul 2015 09:15am EDT 

GameStop corp:Completes its acquisition of Geeknet through a tender offer to purchase all outstanding shares of Geeknet, Inc. for $20.00 per share in cash.  Full Article

GameStop Corp to buy Geeknet Inc
Tuesday, 2 Jun 2015 09:25am EDT 

GameStop Corp:Announces agreement to acquire Geeknet Inc.Says transaction has been approved by the board of directors of both companies and will be completed by means of a tender offer.Says deal accretive to earnings with a targeted IRR that exceeds 20%.Says GameStop will acquire all of the outstanding shares of geeknet's common stock for $20.00 per share in cash.Says transaction has a total equity value of approximately $140 million.Says Geeknet terminates agreement with hot topic.Geeknet will pay hot topic a termination fee pursuant to the hot topic agreement, for which GameStop has agreed to reimburse Geeknet.Says board of directors of Geeknet determined that the GameStop transaction represented a superior proposal.  Full Article

GameStop declares quarterly cash dividend
Thursday, 28 May 2015 04:05pm EDT 

GameStop:Declares a quarterly cash dividend of $0.36 per common share.Payable on June 23 to shareholders of record as of the close of business on June 10.  Full Article

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GameStop's forecast misses on fewer blockbuster launches

GameStop Corp, the world's largest retailer of video games, forecast lower-than-expected revenue and profit for the current quarter, blaming a lack of blockbuster game launches.