Welcome to our dedicated page for Gamestop news (Ticker: GME), a resource for investors and traders seeking the latest updates and insights on Gamestop stock.
GameStop Corp (GME) is a leading specialty retailer at the intersection of gaming, consumer electronics, and pop culture. This page aggregates official corporate communications and verified news developments, providing stakeholders with a centralized resource for tracking material events.
Investors and analysts will find timely updates including quarterly earnings disclosures, executive leadership announcements, strategic partnerships, and product launch details. All content is curated to meet regulatory standards while maintaining accessibility for both professional and casual observers of the company.
The archive includes press releases covering financial results, store operations updates, e-commerce initiatives, and corporate governance matters. Each entry is categorized for efficient navigation, reflecting GameStop's unique position in retail gaming and technology markets.
Bookmark this page for direct access to primary source materials from GameStop's investor relations team. Check regularly for updates on the company's omnichannel strategy, inventory developments, and responses to industry trends.
GameStop (NYSE: GME) has announced a strategic partnership with Zip Co. (ASX: ZIP), making Zip their primary pay-in-installments service for both online and in-store customers in the United States. This collaboration integrates Zip's Buy Now, Pay Later (BNPL) solution across GameStop's retail network.
Zip, with 6.3 million active customers and 81.9K merchants across the U.S., Australia, and New Zealand, will provide flexible payment options to GameStop's customer base. The partnership is particularly significant as nearly 84% of Zip's U.S. customers already shop for gaming and accessories at GameStop, with many making repeat purchases.
This integration aims to enhance GameStop's payment flexibility while potentially expanding their customer base through Zip's inclusive credit assessment approach, which serves customers traditionally underserved by conventional financial institutions.
GameStop Corp. (NYSE: GME) has announced plans to pursue the sale of its operations in France and Canada as part of an evaluation of its international assets. The announcement represents a significant strategic move that could reshape the company's international presence.
The company has provided an email address (M&A@gamestop.com) for inquiries regarding this potential sale. The announcement includes standard cautionary statements regarding forward-looking statements, noting that actual results may differ from current expectations.
GameStop (NYSE: GME) has released its Q3 2024 financial results, reporting net sales of $0.860 billion, down from $1.078 billion in the prior year's quarter. The company achieved a net income of $17.4 million, improving from a $3.1 million loss in the same period last year. SG&A expenses decreased to $282.0 million from $296.5 million year-over-year.
The company's cash position stands at $4.616 billion. During the quarter, GameStop completed its at-the-market equity offering, selling 20.0 million shares for gross proceeds of approximately $400.0 million. The company stated it does not anticipate further at-the-market offerings during the current fiscal year.
GameStop (NYSE: GME) has announced it will release its third quarter fiscal 2024 financial results after market close on Tuesday, December 10, 2024. The company will provide detailed financial performance information for the period in this upcoming earnings release.
GameStop Corp. (NYSE: GME) has announced the appointment of Nat Turner to its Board of Directors. Turner currently serves as the Chairman and CEO of Collectors Holdings, Inc. The appointment represents a strategic addition to GameStop's leadership structure.
GameStop Corp. (NYSE: GME) has announced a collaboration with Collectors, through its Professional Sports Authenticator (PSA) division. As part of this partnership, GameStop will become an authorized PSA dealer, offering authentication and grading services for trading cards at select GameStop stores across the United States.
PSA is recognized as the world's largest and most trusted provider of trading card and autograph authentication and grading services. This collaboration aims to expand GameStop's offerings in the collectibles market and provide customers with access to professional grading services.
Customers can visit the GameStop website for a store locator and details on the GameStop/PSA submission process. For more information about PSA's authentication and grading services, interested parties can visit the PSAcard.com website.
GameStop Corp. (NYSE: GME) has completed its previously announced 'at-the-market' equity offering program. The company successfully sold 20,000,000 shares of its common stock, raising aggregate gross proceeds of approximately $400 million before commissions and offering expenses. This follows GameStop's September 10, 2024 filing of a prospectus supplement with the U.S. Securities and Exchange Commission for the ATM Program.
The company plans to use the net proceeds for general corporate purposes, which may include acquisitions and investments. This move represents a significant capital raise for GameStop, potentially strengthening its financial position and providing resources for future growth initiatives.
GameStop Corp. (NYSE: GME) has released its second quarter 2024 financial results. Key highlights include:
- Net sales of $0.798 billion, down from $1.164 billion in Q2 2023
- SG&A expenses of $270.8 million (33.9% of net sales), compared to $322.5 million (27.7%) last year
- Net income of $14.8 million, improving from a $2.8 million loss in Q2 2023
- Cash, cash equivalents, and marketable securities totaling $4.204 billion at quarter-end
The company did not hold a conference call but directed stockholders to review the Form 10-Q for detailed information.
GameStop Corp. (NYSE: GME) has announced the release date for its second quarter fiscal 2024 results. The company will report its financial performance after the market closes on Tuesday, September 10, 2024. This announcement is a standard practice for publicly traded companies, providing investors and analysts with a specific date to anticipate the release of important financial information. The results will likely include key metrics such as revenue, earnings per share, and potentially guidance for future quarters. Investors and market watchers will be keen to analyze these results to gauge GameStop's performance and future prospects in the evolving gaming and retail landscape.
GameStop Corp. (NYSE: GME) announced a rescheduling of its virtual annual meeting of stockholders. Initially planned for June 13, 2024, at 10:00 a.m. CDT, the meeting was adjourned due to technical difficulties with the third-party hosting site. The new meeting time is set for June 17, 2024, at 11:30 a.m. CDT and can be accessed at meetnow.global/MT244SG.
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