GameStop (GME) Tops Q4 EPS by 48c, Comps Decline 26.1%

GameStop (NYSE: GME) reported Q4 EPS of $1.27, $0.48 better than the analyst estimate of $0.79. Revenue for the quarter came in at $2.19 billion versus the consensus estimate of $2.24 billion.

• Total global comparable store sales decreased 26.1%

2020 Outlook (52-weeks ending January 30, 2021)

The Company is closely monitoring the dynamic situation around COVID-19 and potential impacts on its business. Despite increased demand since the outbreak began as millions of consumers look to GameStop for products that support remote and virtual work and learn settings, given the uncertainty around the evolving situation, the Company has suspended further guidance at this time.

The Company continues to focus on maintaining its balance sheet strength, prioritizing the allocation of resources to areas of the business that produce strong cash flow, reducing expenses across the business and intensifying inventory discipline. The Company believes these combined efforts position it well to manage through this unprecedented time.

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

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