GameStop (GME) Confirms it Appointed Jenna Owens as COO
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GameStop may cash in on Reddit rally with share sale; stock down after hours
March 23, 2021 4:34 PM EDTBy Tiyashi Datta and Uday Sampath Kumar
(Reuters) - GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of "meme stocks" looks to take advantage of a more-than-800% surge in its stock price since January.
Shares of the brick-and-mortar retailer gyrated after hours and were last down around 14%, adding to a loss of over 6% during the regular trading session.
GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales.
... MoreGameStop (GME) Announces Appointment of Technology Veteran Jenna Owens as New COO
March 23, 2021 4:34 PM EDTGameStop (NYSE: GME) appointed Jenna Owens as its Chief Operating Officer. Ms. Owens has spent the majority of the past decade in executive roles at Amazon and Google.
... MoreGameStop (GME) Announces 2021 Strategic Initiatives
March 23, 2021 4:27 PM EDTGameStop (NYSE: GME) is focused on transforming into a customer-obsessed technology company that delights gamers. The Board and management are taking the below steps in fiscal year 2021:
Investing in technology capabilities, including by in-sourcing talent and revamping systems, and evaluating next-generation assets;Building a superior... MoreGameStop (GME) Misses Q4 EPS by 1c, Revenues Miss; Comps Rise 6.5%
March 23, 2021 4:27 PM EDTGameStop (NYSE: GME) reported Q4 EPS of $1.34, $0.01 worse than the analyst estimate of $1.35. Revenue for the quarter came in at $2.11 billion versus the consensus estimate of $2.21 billion.
Comparable store sales increased 6.5%;Net sales were $2.122 billion compared to $2.194 billion in the fiscal 2019 fourth quarter, reflecting an operating environment that included a 12% decrease in the store base due to the Companys strategic de-densification efforts and a reduction of approximately 27% in European store operating days during the quarter as a result of temporary store closures in response to the COVID-19 pandemic;Global E-Commerce sales... More