GameStop (GME) Tops Q4 EPS by 15c; Issues Q1, FY16 Outlook

GameStop (NYSE: GME) reported Q4 EPS of $2.40, $0.15 better than the analyst estimate of $2.25. Revenue for the quarter came in at $3.53 billion versus the consensus estimate of $3.57 billion.

Consolidated comparable store sales increased 3.1% (a 3.0% increase in the U.S. and a 3.3% increase internationally).

GUIDANCE:

GameStop sees Q1 2016 EPS of $0.58 - $0.63, versus the consensus of $0.71. Comps expected down 9 to 7 percent.

GameStop sees FY2016 EPS of $3.90 - $4.05, versus the consensus of $4.09. Sees comps down 3 percent to flat. The company said, his range includes approximately $0.17 of interest expense related to the issuance of $475 million of senior notes in March. We have entered into an asset purchase agreement with one AT&T reseller and expect to enter into another AT&T reseller acquisition. Our full year guidance reflects our expectation that estimated earnings from these acquisitions will more than offset interest expense if both acquisitions are consummated during our second fiscal quarter.

For earnings history and earnings-related data on GameStop (GME) click here.

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