GameStop's Losing Big to Digital [The Motley Fool]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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US:NYSE Investor Relations:
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Source: The Motley Fool
GameStop ( NYSE:GME GameStop increasingly faces competition from digital games, including those backed by large and deep-pocketed companies. This is only going to intensify. The company's same-store sales For the first nine months of 09, its operating loss widened from the same time frame in the year-ago period.. The fourth quarter does not look good, either. For the nine-week holiday period that ended Jan. , comps cratered .7%, and management lowered its fiscal 09 comps guidance to -9% to -% (prior expectation was a decline in the low teens) and now expects to report a loss for the year, although it did not provide a more specific figure. For the first nine months of 09, GameStop lost $89. million compared to $. million in the comparable year-ago period. In a press release We expected a challenging sales environment for the holiday season as our customers continue to delay purchases ahead of anticipated console launches in late 00. However, the accelerated decline in new hardware and
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GME
News
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- 4/23/24 - Form 144
- GME's page on the SEC website