GameStop Reports Third Quarter Financials and a Continued Brisk Trade in Used Merchandise

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GameStopRetailer GameStop reported its financial results for its fiscal third quarter ended November 1, 2008.
For the quarter, GameStop reported net earnings of $46.669 million, compared with $51.957 million in the comparable quarter the prior year. GameStop pointed out that the lower number this quarter is the result of Halo 3's release in this quarter last year.

According to GameStop, the five top-selling games for the quarter were Madden NFL 2009, Star Wars: The Force Unleashed, Fable 2, Wii Fit and Guitar Hero World Tour.

Once again, used game software and hardware remain the core of GameStop's business. In terms of sales, GameStop sold $1.031 billion of new games and hardware during the quarter, compared to $425 million of used games and hardware. In terms of gross profit, however, new sales provided $184 million of gross profit, while used sales provided $205 million of gross profit.

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This page contains a single entry by Editor published on November 20, 2008 6:37 AM.

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