UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) |
May 11, 2012 (May 10, 2012) |
GAMESTOP CORP. |
(Exact name of registrant as specified in charter) |
Delaware |
1-32637 |
20-2733559 |
(State or other jurisdiction |
(Commission |
(I.R.S. Employer |
of incorporation) |
File Number) |
Identification No.) |
625 Westport Parkway, Grapevine, TX |
76051 |
|
(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code |
(817) 424-2000 |
(Former name or former address, if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition,” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
On May 10, 2012, GameStop Corp. (“the Company”) issued a press release pre-announcing its financial results for its first quarter ended April 28, 2012. A copy of the press release is attached hereto as Exhibit 99.1.
The information contained in this Current Report, including the exhibit, shall not be incorporated by reference into any filing of GameStop Corp., whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as otherwise expressly set forth therein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release issued by GameStop Corp., dated May 10, 2012.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GAMESTOP CORP. |
||||
(Registrant) |
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Date: |
May 11, 2012 |
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|
|
/s/ Robert A. Lloyd |
||
Name: |
Robert A. Lloyd |
|||
Title: |
Executive Vice President & |
|||
|
Chief Financial Officer |
GAMESTOP CORP.
EXHIBIT INDEX
Exhibit Number |
Description |
|
99.1 |
Press Release issued by GameStop Corp., dated May 10, 2012. |
Exhibit 99.1
GameStop Pre-Announces First Quarter EPS and Same Store Sales Guidance
GRAPEVINE, Texas--(BUSINESS WIRE)--May 10, 2012--GameStop Corp. (NYSE: GME), the world’s largest multichannel video game retailer, today confirmed its 2012 first quarter and full year earnings guidance.
GameStop is pre-announcing first quarter earnings per share results of $0.54 and same store sales of -12.5%, and reaffirming full year earnings per share guidance of $3.10 to $3.30. The company is outperforming the market in new video game product sales; however, first quarter same store sales results reflect light demand for “AAA” game launches and slower than expected store traffic during the quarter.
GameStop will provide second quarter and full year sales guidance in conjunction with its first quarter earnings release and conference call on Thursday, May 17, 2012.
About GameStop
GameStop Corp. (NYSE: GME), a Fortune 500 and S&P 500 company headquartered in Grapevine, Texas, is the world's largest multichannel video game retailer. GameStop's retail network and family of brands include 6,614 company-operated stores in 15 countries worldwide and online at www.GameStop.com. The network also includes: www.Kongregate.com, a leading browser-based game site; Game Informer(R) magazine, the leading multi-platform video game publication; Spawn Labs, a streaming technology company; and a digital PC game distribution platform available at www.GameStop.com/pc.
General information on GameStop Corp. can be obtained at the company's corporate website. Follow GameStop on Twitter @ www.twitter.com/GameStop and find GameStop on Facebook @ www.facebook.com/GameStop.
Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, the outlook for the first quarter and fiscal 2012, future financial and operating results, projected store openings, the company's plans, objectives, expectations and intentions, and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of GameStop's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. GameStop undertakes no obligation to publicly update or revise any forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the inability to obtain sufficient quantities of product to meet consumer demand, including console hardware and accessories; the timing of release of video game titles for current generation consoles; the risks associated with expanded international operations and the integration of acquisitions; the impact of increased competition and changing technology in the video game industry, including browser and mobile games and alternative methods of distribution; and economic, regulatory and other events, including litigation, that could reduce or impact consumer demand or affect the company’s business. Additional factors that could cause GameStop's results to differ materially from those described in the forward-looking statements can be found in GameStop's Annual Report on Form 10-K for the fiscal year ended Jan. 28, 2012 filed with the SEC and available at the SEC's Internet site at http://www.sec.gov or http://investor.GameStop.com.
CONTACT:
Matt Hodges
Vice President,
Public and Investor
Relations
GameStop Corp.
817-424-2130