GameStop Reports 2019 Holiday Sales Results
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: GlobeNewswire
GRAPEVINE, Texas, Jan. 13, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today reported sales results for the nine-week holiday period ended January 4, 2020. Total global sales from continuing operations for the holiday period were $1.83 billion, a 27.5% decrease compared to the 2018 nine-week holiday period ended January 5, 2019. Total comparable store sales for the nine-week period decreased 24.7%, following a 1.5% increase in comparable store sales for the similar period in fiscal 2018. Sales results during the holiday period are indicative of overall industry trends impacting the video game industry and driven by an accelerated decline in new hardware and software sales, particularly in the month of December. George Sherman, GameStop’s chief executive officer said, “We expected a challenging sales environment for the holiday season as our customers continue to delay purchases ahead of anticipated console launches in late 2020. However, the accelerated decline in new
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