Article Hero

GameStop tops sales estimates

Miguel A. Rodriguez
Miguel A. Rodriguez
10 June 2021
The company that became the talk of the town in recent months revealed the figures for the fiscal first quarter 2021

GameStop announced revenues of $1.28 billion, surpassing the $1.16 billion consensus, marking a 25% increase from last year’s numbers. On the other hand, the company reported an adjusted loss-per-share of 45 cents. However, the figures came ahead of the loss of 84 cents per share initially forecasted.

According to the company, the momentum continued in the second quarter, with total sales in May rising about 27% compared to last year’s figures. GameStop failed to provide an outlook for the whole year. Moreover, it is considering selling as much as 5 million shares. According to the prospectus filed with the Security and Exchange Commission, GameStop wants to sell shares from time to time in “at-the-market” offerings. The proceedings will be used for general corporate purposes, investing in growth initiatives, and improving its balance sheet. The company added that as of May 1, it had paid off its long-term debt.

Since the beginning of the year, the company’s stock price went up 1,506%.


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?


Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.