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GameStop Reaffirms Guidance

17 Apr, 2009 By: Chris Tribbey


GameStop April 17 reaffirmed its first quarter comparable-store sales guidance of flat to 2% growth.

The chain cited promising game sales numbers through February and March, specifically for Street Fighter IV, Resident Evil 5, Halo Wars and Killzone 2, and for Nintendo’s DSi,

The video game retailer is predicting earnings per share of 40 cents to 42 cents, and its full-year comparable-store sales up 4% to 6%.

April 16 the NPD Group reported March game sales fell from the same month last year, taking a double-digit percentage hit.

Overall March video games sales fell 17% to $1.43 billion, from $1.72 billion in the same period of 2008, according NPD Group data.

Hardware sales fell 18% during the month, compared to March 2008. Software sales fell 17% and accessory sales fell 15%.

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