GameStop Meets Its Holiday Sales Targets [The Motley Fool]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: The Motley Fool
The video-game retailer's holiday update paired a growth acceleration with hints of declining profit margins. Demitrios Kalogeropoulos ( TMFSigma ) Jan 14, 2018 at 12:00PM You can't please all of the people all of the time. GameStop 's ( NYSE:GME ) holiday sales update this week was a case of a retailer meeting management's expectations while falling short of the higher hopes that investors had assigned to the business. Let's take a closer look at the results. Solid sales growth Comparable-store sales growth shot up to a 12% pace during the critical holiday shopping season to mark a big improvement over the 2% rate GameStop had managed in each of the last three quarters. The boost was driven by surging demand for popular new gaming devices like the Nintendo Switch and Xbox One X and a packed calendar of software releases that sent new video-game sal
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