Investor Presentaiton
Company's Changes Since Our Cooperation Agreement Failed to Increase Value
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Share price
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April 1, 2019
GME announces
agreement with
Permit and
Hestia.
April 24, 2019
Lizabeth Dunn
and Raul
Fernandez join
the Board.
May 30, 2019
Appoints new
leadership team,
including CFO.
June 4, 2019
Q1 Results: Eliminates quarterly
dividend, generates negative free
cash flow of $683 million in one
quarter. Stock plunges 36% in
one day.
April 15, 2019
George Sherman
begins as CEO.
September 10, 2019
Q2 Results: Lowers full-year
same store sales declines to
"low teens", guides to
adjusted EPS of $1.15 to
$1.30.
January 13, 2020
Holiday Sales Update: Lowers
same store guidance a third time:|
sees 19-21% decline for the full
year. Lowers full year EPS
guidance to a loss for the year.
Guides to end of year liquidity of
approximately $900 million.
March 9, 2020
3 new directors
added; 4 directors
to retire in 2020; 2
directors to retire
in 2021.
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April 2, 2019
Q4 Results: Company discloses
material weakness in their
internal controls, casting doubt
on their liquidity needs for the
remainder of the year; guides to
5-10% decline in same store
sales for 2019.
June 10, 2019
Announces modified tender offer to
repurchase 12 million shares
between $5.20 - $6.00 per share.
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December 10, 2019
Q3 Results: Lowers same store
guidance once again: sees "high
teens" decline for the full year.
Lowers full year EPS guidance to
$0.10 to $0.20.
Guides to end of year liquidity of
$1 billion+.
March 26, 2019
Q4 Results: Reports negative operating free
cash flow for first time in the company's history
(-$493 million). Indicates year-end liquidity of
$770 million, well below guidance provided 19
days before the quarter ended.
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GameStop
Source: Company's public filings.
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