GameStop Corp. (GME) announced a decline in third quarter net earnings to $46.7 million from $52.0 million last year. On a per share basis, earnings were $0.28, down from $0.31 in the prior year. The current period results reflect foreign currency fluctuations and merger-related expenses, the company noted.
On a non-GAAP basis, the company reported 20.6% increase in third quarter earnings to $63.3 million from $52.5 million in the prior year. Non-GAAP earnings per share were $0.38, compared to $0.32 last year.
On average, 16 analysts polled by First Call/Thomson financial expected the company to earn. Analysts' estimates typically exclude special items
GameStop sales increased 5.2% to $1.696 billion from $1.611 billion a year ago. Comparable store sales decreased 1.8%. Analysts were looking for $1.82 billion.
For the fourth quarter, GameStop now forecast earnings per share to range from $1.29 to $1.34, an increase of 13% to 18% over the prior year quarter. Comparable store sales in the fourth quarter are expected to increase in a range of 4% - 5%. Wall Street expects $1.37 per share on sales of $3.38 billion.
For the full year, earnings per share is expected in a range from $2.35 - $2.40, up 30% to 33% over the prior year. Earlier expectation was in a range of $2.45 - $2.50 per share. Street expectation is $2.46 per share on sales of $8.82 billion.
Comparable store sales are projected to increase between 10% and 11% for the full year, with total sales growing between 21% and 22%. Earlier comparable store sales projection was an increase between +12% and +14%, with total sales growing between +23% and +25%.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.