Sponsored By

Representatives of US video game retailer GameStop have announced that the company has achieved a 4.9% gain in holiday sales from stores open at least a year and have for...

David Jenkins, Blogger

January 9, 2004

1 Min Read

Representatives of US video game retailer GameStop have announced that the company has achieved a 4.9% gain in holiday sales from stores open at least a year and have forecast that fourth-quarter and 2003 profits will edge toward the top end of initial estimates. The company reports that strong demand for gaming software and consoles pushed total sales up by 21%, from a year ago, to $508.6 million in the nine-week holiday selling ended January 3rd. The retailer said quarterly profit would likely be between 65 cents and 66 cents a share, adjusting its November estimate of a 62 cents to 66 cents a share profit. For the full-year, the company raised its forecast to a range of $1.04 and $1.05 a share, compared to a November estimate of a 2003 profit between $1.02 and $1.06 a share.

About the Author(s)

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like