Profile: GameStop Corp is a Fortune 500 company headquartered in Grapevine, Texas. GameStop is a digital-first omni-channel retailer, offering games and entertainment products in its over 5,000 stores and comprehensive e-Commerce properties across retail stores throughout the United States, Canada, Australia, New Zealand, and Europe. Through its range of brands, GameStop offers the best selection of new and pre-owned video gaming consoles, accessories and video game titles, in both physical and digital formats.
GameStop’s global family of brands include GameStop, EB Games, Micromania, Thinker, and Game Informer magazine, the world’s leading print and digital video game publication.
History: Babbage’s, a small educational software retailer opens for business in Dallas, Texas in 1984 and later in 1999 Babbage’s was sold to Barnes & Noble, which later merges with Funco, Inc. In 2000,Funco changes name to GameStop. In 2002, GameStop completes the ‘GME’ IPO on the New York Stock Exchange.
Top Executives: George E. Sherman is the chief executive officer of GameStop and Dan DeMatteo is the Executive Chairman.
Top Shareholders: Fidelity Management & Research Company LLC owns 13.30% of the company, RC Ventures LLC’s stake in the company is 12.91% and BlackRock Institutional Trust Company, N.A.owns 12.17% of total shares of GameStop.
Sales: GameStop has confirmed that its next quarterly earnings report will be published on Tuesday, March 23rd, 2021.In the report for the third quarter ended October 31, 2020, GameStop’s Net sales were $1,004.7 million, down 30.2% from the fiscal 2019 third quarter and Global E-Commerce sales increased 257% and are included in comparable store sales. Net loss was $18.8 million or $0.29 per share (on an unadjusted basis), compared to a loss of $83.4 million or $1.02per share in the third quarter of 2019.
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