GameStop (GME) Tops Q3 EPS by 2c; Issues Q4 Outlook

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GameStop Reports Third Quarter 2016 Results

November 22, 2016 4:06 PM EST

GRAPEVINE, TX -- (Marketwired) -- 11/22/16 -- 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 third quarter ended October 29, 2016.

The following table summarizes the third quarter results for fiscal 2016 and 2015 ($ in millions, except per share amounts):

Quarter Ended Oct. 29, Oct. 31, 2016 2015 Change ----------- ----------- --------- Net Sales $1,959.2 $2,016.3 -2.8% Same Store Sales* -6.5% -1.1% GAAP Net Income $50.8 $55.9 -9.1% GAAP Diluted EPS $0.49 $0.53 -7.5% Technology Brands Operating Earnings $23.5 $6.5 +261.5% *excludes Technology Brands stores

Paul Raines, chief... More