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GameStop Earnings Call 
 
GameStop Earnings Call, Fourth Quarter 2008
31st March 2009 00:00 AM
During the course of the year, the management expects comparable sales increases to vary by quarter, depending on release dates of new titles.
The video game and entertainment software retailer generated $3.5 billion in Q4 total sales, an increase of 21.9% compared with $2.9 billion in the previous year quarter. The management announced that comparable store sales grew 9.6% for the quarter. Net earnings firmed 22.4% to $232.3 million in the fourth quarter, inclusive of merger-related income of $12 million versus net earnings of $189.8 million in the year ago quarter. EPS were $1.39 compared with $1.14 in the prior year quarter.
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GameStop Earnings Call, Third Quarter 2008
27th November 2008 00:00 AM
Earnings estimates reduced, reflecting uncertainty when the firm switches from the primary game player to the gift giver as a sales driver.
The gaming and entertainment software provider reported a 5% rise in sales to $1.7 billion driven by strong new title releases. Earnings were down 10% to $47 million or 28 cents a share, due to merger related expenses as the firm acquired Micromania, ganing a foothold into France.
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GameStop Earnings Call, Second Quarter 2008
25th August 2008 00:00 AM
By prioritizing its investments and focusing on resources, the firm continues to significantly outperform the specialty retail segment.
The video game and entertainment software retailer realized earnings of $57 million or 34 cents a share, up 162% over 2007 due to 35% revenue growth to $1.8 billion, as compared to $1.3 billion in 2007. GameStop raised the full year 2008 EPS guidance based on growth of the worldwide installed base and expectations of a strong second half of the year.
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GameStop First Quarter Earnings Call
26th May 2008 00:00 AM
The firm is bullish about the future with growth attributed to a new title lineup, new sales driven by used trades and strong hardware sales.
The gaming and entertainment company reported earnings of $62.1 million or 37 cents a share, up 151% over the prior year on the back of a 42% increase in revenues to $1.8 billion from $1.3 billion. The unique GameStop new and used model coupled with the continued growth of stores in both existing and emerging markets, expanding demographic reach, new applications and emerging genre make account for the solid performance. The firm opened an additional 210 new stores.
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GameStop Fourth Quarter Earnings Call
19th March 2008 00:00 AM
Sales rose 24% to $2.9 billion from $2.3 billion in 2006 on strong comparable store sales driven by exceptional results across all categories.
The video game and entertainment software retailer reported earnings of $189.8 million or $1.14 a share, up 46% over the prior year due to lower than expected foreign tax expense resulting from profitability in many European countries. The business is set up for the worldwide mass specialist set up as the firm sees growth opportunities in the U.S. and abroad as the firm is gaining more brand traction every year. The board approved an additional $130 million note repurchase program.
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GameStop Third Quarter Earnings Call Summary
22nd November 2007 00:00 AM
GameStop earned $52 million, or 31 cents per share, from $13.6 million, or 9 cents per share, in the same quarter a year ago.
Revenue of the video game retailer climbed 59.3% from a year ago to $1.61 billion. Profit was bolstered by the 46.3% higher same-store sales. During the latest quarter new video hardware sales more than doubled with ""Halo 3"" from Microsoft and ""Madden NFL ''08"" by Electronic Arts leading the top sellers. The company expects to earn 95 cents to 97 cents per share, compared to 81 cents a share in the same quarter a year ago.
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GameStop Second Quarter Earnings Call
30th August 2007 00:00 AM
Including debt retirement costs of $2 million, the net earnings rose 586% to $21.8 million from $3.2 million in the prior year quarter.
The leading video game retailer reported revenue of $1.33 billion, a growth of 38.9% from $963.3 million in the prior year. The comparable store sales grew 29.1%, on 49% growth in game software and 89% growth in hardware. GameStop has completed the implementation of the new ERP system in Germany and this will enable the firm to seamlessly move into any country. For fiscal 2007, the company is raising its EPS guidance to range from $1.45 to $1.48, with sales increasing by 20% to 22%.
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GameStop First Quarter Earnings Call
1st June 2007 00:00 AM
SG&A leverage improved by 260 basis points from a year ago, enabling the company to grow operating margins by 100 basis points during the quarter.
The company’s net earnings per share grew 111% to $24.7 million including debt retirement cost of $4.2 million. This was more than twice last year’s first quarter net income of $11.7 million. Gross margins, however, declined year-over-year. Second quarter comparable store sales are expected to increase 16% to 18% driven by continued strength in next generation hardware and strong summer sell through of used games.
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