Hi, today we are going to talk about GameStop and its current landscape.
The American video game, consumer electronics, and gaming merchandise retailer it's been crushed by a series of bad confluences, starting by the company report that showed a worse than expected EPS and sales results on the third quarter, GameStop also issued a cut of the 2019 Fiscal Year adjusted EPS guidance from $1.15-$1.30 to $0.10-$0.20. The Company can also suffer from the latest consumer price report from the Bureau of Labor Statistics that revealed a weakness in apparel prices, on a month that included Black Friday and Cyber Monday sales, which becomes an aggravating factor in this case.
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The American video game, consumer electronics, and gaming merchandise retailer it's been crushed by a series of bad confluences, starting by the company report that showed a worse than expected EPS and sales results on the third quarter, GameStop also issued a cut of the 2019 Fiscal Year adjusted EPS guidance from $1.15-$1.30 to $0.10-$0.20. The Company can also suffer from the latest consumer price report from the Bureau of Labor Statistics that revealed a weakness in apparel prices, on a month that included Black Friday and Cyber Monday sales, which becomes an aggravating factor in this case.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.