GameStop (GME) Holiday Same Store Sales Rose 10.2%; Raises Q4 Outlook
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Price: $18.21 +0.94%
Revenue Growth %: +10.1%
Financial Fact:
Cost of sales: 1.25B
Today's EPS Names:
BTTX, VAXX, ELYS, More
Revenue Growth %: +10.1%
Financial Fact:
Cost of sales: 1.25B
Today's EPS Names:
BTTX, VAXX, ELYS, More
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GameStop Corp. (NYSE: GME) today reported record sales results for the nine-week holiday period, November 2, 2008 thru January 3, 2009. Sales were $2.856 billion, a 22.3% increase from sales of $2.334 billion in December '07. Comparable store sales for the period rose 10.2%.
Raises its Q4 same store sales guidance to up 9-9.5%. Also raises and narrows its Q4 EPS guidance from $1.29-$1.34 to $1.31-$1.34, versus the Street estimate of $1.31. For FY08, GameStop sees EPS of $2.37-$2.40. Same store sales for the year are expected to be up 12-12.5%.
GameStop Corp. operates as a retailer of video game products and personal computer (PC) entertainment software.
Raises its Q4 same store sales guidance to up 9-9.5%. Also raises and narrows its Q4 EPS guidance from $1.29-$1.34 to $1.31-$1.34, versus the Street estimate of $1.31. For FY08, GameStop sees EPS of $2.37-$2.40. Same store sales for the year are expected to be up 12-12.5%.
GameStop Corp. operates as a retailer of video game products and personal computer (PC) entertainment software.
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