GameStop (GME) Tops Q1 EPS by 5c, Q2 EPS Guidance Falls Short

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GameStop Reports First Quarter 2016 Results

May 26, 2016 4:05 PM EDT

GRAPEVINE, TX -- (Marketwired) -- 05/26/16 --

GAAP EPS Hits High End of Guidance Range; Non-GAAP EPS Exceeds High End of Guidance by $0.03 Technology Brands Reports Record Quarterly Profit Collectibles Sales Grow Over 250% Gross Margin Rate Expands 330 Basis Points

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 first quarter ended April 30, 2016.

The following table summarizes the first quarter results for fiscal 2016 and 2015 ($ in millions, except per share amounts):

Quarter Ended April 30, 2016 May 2, 2015 Change... More