Gamestop Corporation - Ordinary Shares - Class A

NYSE:GME   3:59:59 PM EDT
196.48
-5.53 (-2.74%)
4:40:43 PM EDT: $197.50 +1.02 (+0.52%)
Debt Financing / Related, Officer Changes, Other Pre-Announcement

GameStop Releases First Quarter 2021 Financial Results

Published: 06/09/2021 21:35 GMT
Gamestop Corporation - Ordinary Shares - Class A (GME) - Gamestop Releases First Quarter 2021 Financial Results.
Q1 Sales $1.3 Billion Versus Refinitiv Ibes Estimate of $1.16 Billion.
Q1 Adjusted Loss per Share $0.45.
Q1 Earnings per Share Estimate $-0.84 -- Refinitiv Ibes Data (analyst estimates).
Continuing to Suspend Guidance at This Time.
May Offer and Sell Up to 5 Million Shares of Its Common Stock, From Time to Time, in "at-the-market" Offerings.
Intends to Use Net Proceeds for General Corporate Purposes As Well As for Investing in Growth Initiatives.
Q2 Sales Trends Continue to Reflect Momentum, With May Total Sales Increasing Approximately 27% Compared to Last Year.
Intends to Use Net Proceeds for General Corporate Purposes As Well As for Investing in Growth Initiatives.
Continuing to Actively Pursue Senior Talent With Gaming, Retail and Technology Experience.
Qtrly Loss per Share $1.01.company Had No Borrowings Under Its Asset-based Revolving Credit Facility and No Long-term Debt.