GameStop Corp. reported sales results for the nine-week holiday period ended December 31, 2016. Total global sales for the holiday period were $2.50 billion, a 16.4% decline compared to the 2015 holiday sales period. Total comparable store sales decreased 18.7%.  Comp trends improved from November to December (negative 26.6% in Nov. and negative 13.0% in Dec.) and are expected to continue to improve in January. November's comp was significantly impacted by weak Call of Duty: Infinite Warfare and Titanfall 2 sales and aggressive console promotions on Thanksgiving Day and Black Friday.

The company is reiterating its previously announced fourth quarter and full-year 2016 earnings per share guidance of $2.23 to $2.38 and $3.65 to $3.80, respectively, excluding any year-end impairments and store closing charges, based on a favorable fourth quarter tax rate of between 32.5% and 34.5% compared to the initially forecasted rate of 36.0%. Comparable store sales for the fourth quarter are now expected to be in a range of negative 18.0% to negative 16.0% and negative 12.0 to negative 10.0% for the fiscal year.