GameStop Reports Third Quarter Results, A Positive Start to Fourth Quarter with November Comparable Store Sales Increasing 16.5% And Sustained Progress Toward Long-Term Strategic Objectives

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Go back to GameStop Reports Third Quarter Results, A Positive Start to Fourth Quarter with November Comparable Store Sales Increasing 16.5% And Sustained Progress Toward Long-Term Strategic Objectives

GameStop (GME) Tops Q3 EPS by 32c, Revenues Miss

December 8, 2020 4:07 PM EST

GameStop (NYSE: GME) reported Q3 EPS of ($0.53), $0.32 better than the analyst estimate of ($0.85). Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.09 billion. November comparable store sales rose 16.5%.

George Sherman, GameStops chief executive officer, said, Our third quarter results were in-line with our muted expectations and reflected operating during the last few months of a seven-year console cycle and a global pandemic, which pressured sales and earnings. That notwithstanding, we continued to significantly advance our strategic objectives of creating a digital-first, omni-channel... More