GameStop Reports Positive (But Lower) Earnings

| | Comments (0)
GameStopRetailer Gamestop announced its financial results for its fiscal fourth quarter and financial year ended January 28, 2012. While GameStop reported a strong year, the company experienced much lower holiday season sales than in past years, resulting in lower overall performance for the full financial year. It's not clear if GameStop's holiday performance reflects a poor economy or if publishers are managing to successfully cut into used game sales. Read on for more details...
For its financial year ended January 28, 2012, GameStop reported net earnings of $339.9 million, compared to net earnings of $408.0 million in the previous year. For its fiscal fourth quarter ended January 28, 2012, GameStop reported net earnings of $174.7 million compared to net earnings of $237.8 million in the comparable quarter the previous year.


GameStop appears to feel that its stock is undervalued and that further expansion is ill-advised, as the company has completely redeemed its debt and has already repurchased around 3.3 million shares of its own stock in the time since January 28.

Leave a comment

About this Entry

This page contains a single entry by Editor published on March 22, 2012 8:59 AM.

Warp is Available as a PC Download was the previous entry.

Angry Birds: Space is Available Pretty Much Everywhere... Yup. Everywhere. is the next entry.

Find recent content on the main index or look in the archives to find all content.

 

Add to Technorati Favorites