UPDATE: GameStop (GME) Rating Cut to Sell at Benchmark; Results Not Impressive, Core Business at Risk of Being Displaced

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Go back to UPDATE: GameStop (GME) Rating Cut to Sell at Benchmark; Results Not Impressive, Core Business at Risk of Being Displaced

GameStop Reports Second Quarter 2015 Results

August 27, 2015 4:05 PM EDT

Adjusted diluted EPS increases 41% year-over-year (9% on a GAAP basis); exceeds high end of guidance by $0.06

Same store sales increase 8.1%

Gross margin rate increases 110 basis points

GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME), a global family of specialty retail brands that makes the most popular technologies affordable and simple, today reported sales and earnings for the second quarter ended August 1, 2015.

Paul Raines, chief executive officer, stated, Results for the second quarter again exceeded our expectations, reflecting the mix of sales in... More