GameStop did well once again, but they didn't hit the marks they thought they would. Why the lack of sales in such a busy time of the year? Company president Tony Bartel said, "We had expectations for strong sales due to the great title lineup and record reservations. But we found that consumers were unable to fund the products that they wanted, as these strong titles rolled out week after week."

GRAPEVINE, Texas-( Business Wire )- GameStop Corp. (NYSE: GME), the world’s largest multichannel video game retailer, today reported sales and earnings for the third quarter ended Oct. 29, 2011.

Financial Results

Total sales for the third quarter of 2011 were $1.95 billion, an increase of 2.5% compared to $1.90 billion in the prior year quarter. Total company comparable store sales were -0.6%, primarily impacted by lower than expected sales of new software. GameStop’s digital sales showed continued strength, increasing 59%, with console digital growing 63% and PC digital growing 51%. Pre-owned sales increased 3.1%.

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