If there was ever a quarter for GME to miss guidance it was this one with the string of poor NPD numbers. However, GME beats estimates.
GME has a strong and loyal following in their power up rewards membership. They are selling a ton of used high margin games. The DLC that many analyst's thought was going to run them out of business is actually turning into a saving grace because DLC is higher margin than used games and consumers like to purchase DLC at a store for a number of reasons: no credit card, want to use trade in credit, or are simply up sold by GME associates. GME is also buying back a ton of shares, has issued a new dividend, and has money left over to acquire companies like buymytronics which help diversify the business.