GameStop Enjoys Record Holiday Season

January 6, 2011 -

Video game retailer GameStop reported record sales of $3.02 billion for the nine-week holiday season that ended on January 1. This marked a 5.4 percent increase over the same period last year, driven by Kinect sales, and "strong sell through" of PlayStation 3 and Xbox 360 titles such as Call of Duty: Black Ops and Assassin’s Creed: Brotherhood. The company also reported 32 percent growth in gift card sales during the month of December.

New hardware sales improved 7.4 percent based mostly on the successful debut of Microsoft's Kinect. New video game software sales increased 3.3 percent.

Sales in an odd category that lumps video game accessories and PC games together, grew 15.9 percent, led by sales of Sony PlayStation Move and Blizzard Entertainment’s World of Warcraft: Cataclysm. Used products gained 1.7 percent during the period; but the U.S. segment increased 8.5 percent in December and post-holiday sales significantly outperformed expectations.

Based on solid holiday sales numbers, GameStop stuck with its previous forecast of fourth quarter and full year earnings per share guidance ranges of $1.53 to $1.59 and $2.63 to $2.69, "excluding debt retirement costs. This represents a 16 - 19 percent increase for the full year. The company still expects comparable store sales for the fourth quarter to range from 2 - 4 percent and full year comparable store sales to range from flat to 2 percent.

Full year 2010 sales and earnings results and fiscal 2011 earnings guidance are expected in March 2011.

 
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PHX Corphttp://www.myfoxphilly.com/story/28274296/officer-injured Officer In Critical Condition Following Shooting Inside North Phila Game Stop03/05/2015 - 6:55pm
WonderkarpThe Shutup was a quick interjection saying "HEY! EVERYBODY SHUT UP AND LOOK AT THIS!" and I got the Critical Condition from a Local news site. I linked TMZ.03/05/2015 - 6:49pm
Andrew EisenThey call me The Jaws of Life.03/05/2015 - 6:48pm
Goth_SkunkThat's terrible. Now that it's been noted, can we return to Andrew's amazing steel-tearing teeth?03/05/2015 - 6:42pm
Andrew EisenWell, sucks that that happened and I'm glad he's alright (nothing in the article you linked says he's in critical condition) but there's no need for anyone to shut up.03/05/2015 - 6:41pm
WonderkarpEVERYBODY SHUT UP! Harrison Ford is in Critical Condition After A Plane Crash!! D: http://www.tmz.com/2015/03/05/harrison-ford-plane-crash-landing-golf-course-santa-monica/03/05/2015 - 6:38pm
Goth_SkunkIt ruined my joke about your billionaire lifestyle affording you state-of-the-art dentistry. I longed to see you fill your mouth with steel-tearing jaws.03/05/2015 - 6:32pm
Andrew EisenYep, typos happen. Even on the invoices I send for my freelance work. Yeah, that's always super embarrassing.03/05/2015 - 6:29pm
Goth_Skunk"Steel" your fr- aww crap you fixed it.03/05/2015 - 6:26pm
Andrew EisenReally? Whatever I say? Okay... I'm a handsome, impressively endowed, billionaire genius with a complete set of He-Man action figures and everyone wants to steal my Fruit Loops!03/05/2015 - 6:18pm
PHX Corp@AE I'm still buying Codename S.T.E.A.M. and the New Nintendo 3DS probaly as soon as said game Launches03/05/2015 - 6:16pm
Goth_SkunkWhatever you say.03/05/2015 - 6:15pm
Andrew EisenIf you refuse to buy games that were worked on by someone who doesn't dig Gamergate, you are going to have very, VERY precious few games to play.03/05/2015 - 6:12pm
Andrew EisenOh for the love of cute fluffy kittens...03/05/2015 - 6:08pm
PHX CorpWil Weaton(voicing in codename STEAM) backs the anti gamergate faction of the community03/05/2015 - 6:05pm
Andrew EisenWait, what? How did Nintendo irritate Gamergate?03/05/2015 - 6:03pm
PHX Corp@AE I'm still going to buy Codename steam on 3ds anyway, despite nintendo irritating #gamergate on thier choice of wil weaton03/05/2015 - 6:02pm
Andrew EisenOkay then... Wow, some people REALLY don't like a guy who was on a show that ended over 20 years ago.03/05/2015 - 6:02pm
Goth_SkunkWil Wheaton is most widely recognized for his portrayal of Wesley Crusher on Star Trek: The Next Generation.03/05/2015 - 5:55pm
Andrew EisenWow, some people REALLY don't like whoever the hell Wil Wheaton is. https://twitter.com/NintendoAmerica/status/57357372429896089703/05/2015 - 5:50pm
 

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