GameStop Reveals How It Will Spend Cash in 2010

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GameStopRetailer GameStop announced certain financial plans for 2010 concerning how the company plans to spend cash from operations:
GameStop expects to end its 2009 fiscal year with $700 million cash on hand, and expects to earn a similar amount of cash from operations next year. The company plans to spend $200 million opening as many as 400 new stores, while reserving $100 million for possible acquisition activity. GameStop also plans to spend $300 million to repurchase shares of its stock. The Board of Directors approved the repurchase plan today, and expects that the plan will "result in accretion to EPS of approximately 10%."

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This page contains a single entry by Editor published on January 11, 2010 5:33 PM.

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