v2.4.0.8
Segment Information
 6 Months Ended
Aug. 03, 2013
Segment Information

9. Segment Information

We operate our business in the following segments: United States, Canada, Australia and Europe. Segment results for the United States include retail operations in 50 states, the District of Columbia, Guam and Puerto Rico, the electronic commerce Web site www.gamestop.com, Game Informer magazine, the online video gaming Web site www.kongregate.com, a digital PC game distribution platform available at www.gamestop.com/pcgames, the streaming technology company Spawn Labs, and an online consumer electronics marketplace available at www.buymytronics.com. Segment results for Canada include retail and e-commerce operations in Canada and segment results for Australia include retail and e-commerce operations in Australia and New Zealand. Segment results for Europe include retail operations in 11 European countries and e-commerce operations in six countries. We measure segment profit using operating earnings, which is defined as income from continuing operations before intercompany royalty fees, net interest expense and income taxes. There has been no material change in total assets by segment since February 2, 2013. Transactions between reportable segments consist primarily of royalties, management fees, intersegment loans and related interest. Information on segments appears in the following tables.

Net sales by segment were as follows (in millions):

 

     13 Weeks Ended      26 Weeks Ended  
     August 3,
2013		      July 28,
2012		      August 3,
2013		      July 28,
2012		  

United States

    $ 942.4       $ 1,058.5       $ 2,295.3       $ 2,517.8   

Canada

      67.7         76.9         155.7         174.5   

Australia

      112.4         128.9         226.5         235.4   

Europe

      261.2         285.9         571.5         624.7   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 1,383.7       $ 1,550.2       $ 3,249.0       $ 3,552.4   
  

 

 

     

 

 

     

 

 

     

 

 

  

Operating earnings (loss) by segment were as follows (in millions):

 

     13 Weeks Ended     26 Weeks Ended  
     August 3,
2013		     July 28,
2012		     August 3,
2013		     July 28,
2012		  

United States

    $ 43.4      $ 40.6      $ 136.2      $ 155.7   

Canada

      (0.7 )      0.4        1.8        2.9   

Australia

      1.1        3.7        2.6        2.3   

Europe

      (25.0 )      (10.2 )      (34.6 )      (11.4 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Total operating earnings

      18.8        34.5        106.0        149.5   

Interest income

      0.1        0.2        0.2        0.4   

Interest expense

      (1.4 )      (1.1 )      (2.4 )      (1.7 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Earnings before income tax expense

    $ 17.5      $ 33.6      $ 103.8      $ 148.2