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 Corp. (GME) reported strong financial results for the third quarter ending October 30, 2021, with net sales reaching $1.297 billion, an increase from $1.005 billion in the previous year. The growth was driven by new brand partnerships, including Samsung and LG. The company's inventory also rose to $1.141 billion to meet customer demand. Cash and cash equivalents stood at $1.413 billion, and GameStop has minimal debt, with only a $46.2 million loan. A new $500 million ABL facility was secured, enhancing liquidity and reducing borrowing costs.
GameStop Corp. (NYSE: GME) announced it will release its third quarter fiscal 2021 earnings results on December 8, 2021, after market close. An investor conference call is scheduled for 5:00 pm ET on the same day to discuss the results. Participants can access the call by dialing 877-451-6152 with confirmation code 13725350. Additional details and supplemental information will be available on GameStop's investor relations website.
GameStop Corp. (NYSE: GME) announced a new $500 million global asset-based revolving credit facility, aimed at enhancing liquidity and financial flexibility. This five-year facility replaces the previous $420 million facility set to expire in November 2022. The new agreement, which was oversubscribed, offers reduced borrowing costs, lighter covenants, and increased flexibility, reflecting improved investor confidence. Wells Fargo Bank, N.A. acted as Lead Arranger for this significant financing step.
GameStop Corp. (NYSE: GME) plans to hire up to 500 employees at a new customer service center in Pembroke Pines, Florida. The facility is expected to be operational by the end of 2021 and will enhance the Company's U.S.-based customer care operations. This move reflects GameStop's commitment to improving customer service and operational efficiency, which can potentially lead to better customer satisfaction and retention.
GameStop Corp. (NYSE: GME) reported second-quarter financial results for the period ending July 31, 2021, generating net sales of $1.183 billion, up from $942 million in the previous year. The company ended the quarter with $1.78 billion in cash and no long-term debt, aside from a $47.5 million low-interest loan. GameStop is investing in growth initiatives, including a new 530,000 sq. ft. fulfillment center in Reno, Nevada, and a customer care center in Pembroke Pines, Florida.
GameStop Corp. (NYSE: GME) will report its second quarter fiscal 2021 earnings after market close on September 8, 2021. An investor conference call is scheduled for 5:00 pm ET on the same day to discuss the financial results. Access to the call and supplementary information will be available on GameStop's investor relations website. Investors can join the conference call by dialing 877-451-6152 with the confirmation code 13722703. The call will also be archived for two months on the company's site.
GameStop Corp. (NYSE: GME) has announced plans to rebrand EB Games in Canada, with the transition to the GameStop brand expected to be completed by year-end. This decision was made in response to customer and shareholder feedback. GameStop, headquartered in Grapevine, Texas, is a major specialty retailer known for offering games and entertainment products through both its e-commerce platforms and physical stores.
GameStop Corp. (NYSE: GME) announced the expansion of its North American fulfillment network with a lease for a 530,000 square foot facility in Reno, Nevada, operational in 2022. This new location aims to enhance product offerings and expedite shipping across the west coast. This move follows another lease for a 700,000 square foot facility in York, Pennsylvania, demonstrating GameStop's commitment to improving its logistics capabilities.
On June 22, 2021, GameStop Corp. (GME) announced the completion of its at-the-market (ATM) equity offering program. The company successfully sold 5,000,000 shares of common stock, generating approximately $1,126,000,000 in gross proceeds before commissions. Proceeds will be used for general corporate purposes and to invest in growth initiatives. GameStop continues to focus on maintaining a strong balance sheet while enhancing its presence in the gaming retail market.
GameStop Corp. (NYSE: GME) has appointed Matt Furlong as the new Chief Executive Officer and member of the Board of Directors, effective immediately. This change coincides with the retirement of George Sherman from the Board. Currently, five out of six Board members remain independent, highlighting a shift in leadership that aims to navigate the company's future direction. GameStop is a leading specialty retailer in games and entertainment, operating both online and in thousands of stores.
