DomsPlaying
Member
Didn't see a thread yet, GameStop $GME has reported its 2017Q1 financials and here is an excerpt:
Total global sales increased 3.8% to $2.05 billion, resulting in consolidated comparable store sales growth of 2.3% (-2.4% in the U.S. and +17.1% internationally). New hardware sales increased 24.6%, led by the highly sought after Nintendo Switch. New software declined 8.2% due to the tough overlap of a few key AAA titles launched last year. Pre-owned sales declined 6.2%, in-line with the companys expectations.
Worldwide omnichannel sales increased by 92.9% as the company leveraged all of its sales platforms (website, web-in-store, pickup-at-store, ship-from-store, mobile) during the quarter to promote and secure Nintendo Switch sales.
Digital sales grew 3.0% to $44.1 million, while non-GAAP digital receipts declined 9.0% to $235.6 million. The growth in sales was primarily driven by our Kongregate business. Digital receipts were negatively impacted by lower sales of new consoles bundled with digital software compared to last year.
Collectibles sales increased 39.1% to $114.5 million, driven by strong global sales of Pokémon related products. The company added nine Collectibles stores during the quarter, bringing the total global portfolio to 95 stores.
Technology Brands sales, which are not included in comparable store sales, increased 21.5% to $201.4 million, driven by the year-over-year growth in our AT&T authorized retail stores. Operating earnings were $11.1 million, impacted by $7.3 million of charges related to the store closings announced last quarter. Adjusted operating earnings declined 2.1% to $18.4 million compared to the prior-year quarter.
GameStops first quarter net earnings were $59.0 million, or $0.58 per diluted share, compared to net earnings of $65.8 million, or $0.63 per diluted share in the prior-year quarter. The first quarter results include charges of $7.3 million ($4.6 million, net of tax), or $0.05 per diluted share, mentioned above.
More at the link below, and the conference call is beginning at 5 PM Eastern.
http://investor.gamestop.com/phoenix.zhtml?c=130125&p=irol-newsArticle&ID=2276741
Total global sales increased 3.8% to $2.05 billion, resulting in consolidated comparable store sales growth of 2.3% (-2.4% in the U.S. and +17.1% internationally). New hardware sales increased 24.6%, led by the highly sought after Nintendo Switch. New software declined 8.2% due to the tough overlap of a few key AAA titles launched last year. Pre-owned sales declined 6.2%, in-line with the companys expectations.
Worldwide omnichannel sales increased by 92.9% as the company leveraged all of its sales platforms (website, web-in-store, pickup-at-store, ship-from-store, mobile) during the quarter to promote and secure Nintendo Switch sales.
Digital sales grew 3.0% to $44.1 million, while non-GAAP digital receipts declined 9.0% to $235.6 million. The growth in sales was primarily driven by our Kongregate business. Digital receipts were negatively impacted by lower sales of new consoles bundled with digital software compared to last year.
Collectibles sales increased 39.1% to $114.5 million, driven by strong global sales of Pokémon related products. The company added nine Collectibles stores during the quarter, bringing the total global portfolio to 95 stores.
Technology Brands sales, which are not included in comparable store sales, increased 21.5% to $201.4 million, driven by the year-over-year growth in our AT&T authorized retail stores. Operating earnings were $11.1 million, impacted by $7.3 million of charges related to the store closings announced last quarter. Adjusted operating earnings declined 2.1% to $18.4 million compared to the prior-year quarter.
GameStops first quarter net earnings were $59.0 million, or $0.58 per diluted share, compared to net earnings of $65.8 million, or $0.63 per diluted share in the prior-year quarter. The first quarter results include charges of $7.3 million ($4.6 million, net of tax), or $0.05 per diluted share, mentioned above.
More at the link below, and the conference call is beginning at 5 PM Eastern.
http://investor.gamestop.com/phoenix.zhtml?c=130125&p=irol-newsArticle&ID=2276741
