GameStop Holiday Sales Drop (GME)
Video-game retailer GameStop Corp. (NYSE: GME) reported this morning that same-store sales for the nine-week holiday season fell -0.3%. US sales were up by 0.3% during the period, but international sales fell by -1.5%. Digital sales rose by 60%. The…
Video-game retailer GameStop Corp. (NYSE: GME) reported this morning that same-store sales for the nine-week holiday season fell -0.3%. US sales were up by 0.3% during the period, but international sales fell by -1.5%. Digital sales rose by 60%.
The company expects same-store sale in the fourth quarter be lower than previously estimated by -1% to -2%. EPS guidance excluding items is unchanged for the fourth quarter and the full year at $1.66-$1.76 and $2.82-$2.92, respectively.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
