GameStop Corp. Issues 2003, Quarterly Guidance March 11, 2002 GameStop Corp. announced that earnings per share will range from $.84 to $.90 for fiscal 2002, with comparable store sales increasing between 15% and 20%. The first three quarters of fiscal 2002 are expected to contribute EPS of $.05, $.05 and $.12, respectively, while comparable store sales should increase 20%, 15% and 20%, respectively, during these quarters. The fourth quarter, which contains the holiday shopping season, is expected to contribute between $.62 and $.68 per share, with comparable store sales increases ranging from 8% to 12%. The Company reported 2001 sales of $1.12 billion. According to Multex Global Estimates, analysts expect the Company to report first quarter EPS of $0.04 on sales of $261 million, second quarter EPS of $0.05 on sales of $272 million, third quarter EPS of $0.14 on sales of $277 million, fourth quarter EPS of $0.63 on sales of $626 million, and 2002 EPS of $0.86 on sales of $1.43 billion.
Good work, Sandlink, thanks. I just got my copy of the 10-k and it's good reading. I particularly like the strategy of trading in used equipment and games. You turn in an old game and get a store credit. Neat and tidy. Also, they have a section devoted to cleaning and fixing used equipment for resale.
While I am not sure progress has been made in the game experience, I do believe the number and depth of new games has created a market tsunami.
GME admits that if downloading games ever becomes a reality, their market share would dip. I don't think that is a real risk these days...what do you think?