Pacific Crest Upgrades GameStop (GME) to Outperform
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January 14, 2015 9:23 AM EST
Baird analyst Colin Sebastian reiterated an Outperform rating and $50 price target on GameStop (NYSE: GME) following holiday sales numbers which were largely in-line with the firm's expectations.
Sebastian commented, "GameStop reported solid holiday and digital sales, generally in line with our expectations, driven... More
January 13, 2015 4:06 PM EST
(Updated - January 13, 2015 4:07 PM EST)
GameStop Corp. (NYSE: GME) reported sales results for the nine-week holiday period ended January 3, 2015.
Total global sales for the holiday period were $2.94 billion, a 6.7% decline compared to the 2013 holiday sales period, or -4.0% in constant currency. Due to the current strength of the U.S. dollar, the companys sales were negatively impacted by foreign currency exchange rates as described in this release.
Total comparable store sales decreased 3.1%, comprised of -3.3% in the U.S. and -2.7% internationally. By month, Novembers comparable store sales... More
