GameStop (GME) Tops Q4 EPS by 9c, Will Stop Providing Qrt EPS/Same-Store Sales Guidance

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GameStop Reports Sales and Earnings for Fiscal 2016 and Provides 2017 Outlook

March 23, 2017 4:05 PM EDT

Gross margin rate expands nearly 400 basis points in 2016 to a record rate of 35.0%

Technology Brands adjusted operating earnings increase 216.4%; 63.7% on a GAAP basis

Collectibles sales achieve high-end of revenue target growing 59.5% to $494.1 million in 2016

GRAPEVINE, Texas, March 23, 2017 (GLOBE NEWSWIRE) -- 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 fourth quarter and fiscal year ended January 28, 2017.

Paul Raines, chief executive officer, stated, GameStops... More