Buy GameStop (GME) on Holiday Sales Weakness - Janney

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GameStop (GME) Posts Weak Holiday Sales; Shares Fall and Take Game Makers Lower

January 8, 2013 8:47 AM EST

Video game makers are a little weaker following weaker-than-expected holiday results from GameStop Corp. (NYSE: GME).

GameStop said 2012 Holiday sales fell 4.6 percent and the company is narrowing its comparable store sales range for the fourth quarter to -7.0% to -4.0%... More

GameStop (GME) FY12 Holiday Sales Fell 4.6%; Narrows Comps Outlook

January 8, 2013 8:37 AM EST

GameStop Corp. (NYSE: GME) reported sales results for the nine-week holiday period ended Dec. 29, 2012.

Total global sales for the period were $2.88 billion, a 4.6% decrease compared to the 2011 holiday sales period. Total comparable store sales decreased 4.4%, with U.S. comps of -3.5% and... More