GameStop earnings rise 4.8% in Q3
Grapevine, Texas — GameStop Corp. reported Thursday that net earnings for the third quarter increased 4.8% to $54.7 million, from $52.2 million in the prior year quarter.
Total sales increased 3.5% to $1.90 billion.
U.S. segment same-store sales were 5.3%, while total company same-store sales increased 1.1%.
Year-to-date, GameStop has opened 156 net new stores: 89 in the United States; 47 in Europe; eight in Canada; and 12 in Australia/New Zealand. The video game retailer currently operates 6,606 stores in 17 countries.
Ahold Q3 net profit dips
Amsterdam — Royal Ahold NV reported Thursday that its third-quarter profit fell 4.4% to $315 million. The Dutch owner of the Stop & Shop and Giant supermarkets in the United States cited higher taxes for the performance decline.
Sales rose 11% to $9.12 billion.
U.S. same-store sales rose 1%. In the Netherlands, where Ahold operates the dominant Albert Heijn chain, same-store sales rose 4.5%.
Bon-Ton Q3 loss widens
York, Pa. — ThThe Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.e Bon-Ton Stores reported Thursday that its loss for the third quarter widened to $6.3 million, compared with a loss of $4.2 million in the prior year.
Total revenue fell to $716.9 million from $722.6 million.