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) announced the completion of its at-the-market (ATM) equity offering program, initially disclosed on June 7, 2024. The company sold the maximum 75,000,000 shares, garnering approximately $2.137 billion in gross proceeds. The funds will be utilized for general corporate purposes, including potential acquisitions and investments. This development follows the filing of a prospectus supplement with the U.S Securities and Exchange Commission.
GameStop (NYSE: GME) announced its financial results for Q1 2024, ending May 4, 2024. The company reported net sales of $0.882 billion, down from $1.237 billion in Q1 2023. SG&A expenses were $295.1 million, representing 33.5% of net sales, compared to $345.7 million (27.9%) the previous year. The net loss for Q1 2024 was $32.3 million, an improvement from the $50.5 million loss in Q1 2023. Cash and equivalents were $1.083 billion at quarter-end. GameStop’s long-term debt remains minimal, tied to a low-interest French COVID-19 response loan. No conference call will be held. The company uses non-GAAP measures, excluding certain transformation costs and other adjustments, providing additional insights into core performance. Investors are cautioned that these measures should supplement GAAP results.
GameStop (NYSE: GME) has announced that it will release its first quarter fiscal 2024 results on June 11, 2024, after the market closes.
The release will provide insights into the company's financial performance during the first quarter of the fiscal year 2024.
GameStop Corp. (NYSE: GME) announced the completion of its 'at-the-market' equity offering program. Initially disclosed on May 17, 2024, the company filed a prospectus supplement with the SEC to offer and sell up to 45 million shares of common stock. The maximum number of shares was sold, resulting in gross proceeds of approximately $933.4 million before commissions and expenses. GameStop plans to use the net proceeds for general corporate purposes, including acquisitions and investments.
GameStop announced preliminary unaudited financial results for Q1 ending May 4, 2024. The company projects net sales between $0.872 billion and $0.892 billion, a decline from $1.237 billion in Q1 2023. SG&A expenses are expected to range between $290 million and $300 million, down from $345.7 million the previous year. The net loss is forecasted between $27 million and $37 million, improving from a $50.5 million loss in Q1 2023. Cash, cash equivalents, and marketable securities are projected between $1.073 billion and $1.093 billion, compared to $1.310 billion a year earlier.
FAQ
What is the current stock price of Gamestop (GME)?
What is the market cap of Gamestop (GME)?
