On Tuesday, in the course of current trade, Shares of GameStop Corp. (NYSE:GME), climbed 0.65%, and is now trading at $41.53.
GameStop Corp., stated sales and earnings for the second quarter ended August 1, 2015.
Total global sales rose 1.8% to $1.76 billion (a 7.4% improvement in constant currency) and merged global comparable store sales raised 8.1% (+10.8% in the U.S. and +1.8% internationally), successfully overlapping the 25% sales growth and 22% comp achieved in the prior year quarter.
In the video games segments, new hardware sales declined 2.2% (a 3.7% improvement in constant currency), new software sales reduced 6.0% (a 0.7% improvement in constant currency), while pre-owned sales raised 0.5% (a 5.1% improvement in constant currency) driven by an acceleration in next-gen sales as PS4 and Xbox One trades and inventory become a larger part of the overall pre-owned mix.
Sales in the Mobile and Consumer Electronics category rose 26.9% (a 27.8% improvement in constant currency) to $142.2 million, driven by a 62.3% improvement in Technology Brands revenues. During the quarter, 182 new Technology Brands stores were opened and/or attained. As a result, Spring Mobile is now AT&T’s largest authorized reseller.
Strong sales of collectibles products drove a 37.7% improvement (a 48.5% improvement in constant currency) in the Other category as we continued to expand this new offering around the world.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
Finally, Magna International Inc. (USA) (NYSE:MGA), gained 2.07% Tuesday.
Magna International Inc., declared that its Magna Seating operating unit has received the top three rankings for seat quality in the Mass Market Compact SUV/MPV vehicle segment, according to the J.D. Power 2015 Seat Quality and Satisfaction StudySM released August 20.
The Magna-made seats in the Ford C-Max ranked highest in the compact SUV/MPV segment, while the seats Magna supplies for the Ford Escape and Chevrolet Equinox ranked second and third in the same segment. Magna manufactures the complete seat systems for the C-Max in Highland Park, Michigan, the Escape in Shepherdsville, Kentucky, and the Equinox in Spring Hill, Tennessee.
“This market recognition of our seat quality reflects the commitment of our employees at these three facilities,” said Mike Bisson, president of Magna Seating. “We focus daily on achieving world-class levels of manufacturing so we can support our customers with high-quality seats that are comfortable, functional, and best-in-class.”
Magna International Inc. develops, manufactures, engineers, supplies, and sells automotive products. It operates through North America, Europe, Asia, and Rest of World segments.
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