GameStop Reports Strong Quarter and Full-Year Results on Strength of Used Game Sales

| | Comments (0)
GameStopGameStop reported certain financial results pertaining to its fiscal fourth quarter and full financial year ended January 30, 2010:
For the fourth quarter, retailer GameStop reported consolidated net income of $214.386 million compared to consolidated net income of $232.325 million in the same quarter the previous year. For the year, GameStop reported consolidated net income of $375.729 million compared to consolidated net income of $398.282 million in the previous year.


Despite the slightly lower numbers, this still represents a very strong year for GameStop. While the sales of new hardware dropped off, GameStop reported a strong increase in the sales of used products, which continue to be the major profit center for the retailer. For the year, used video game products provided 26.4% of total sales, but 46.8% of gross profit.

Leave a comment

About this Entry

This page contains a single entry by Editor published on March 18, 2010 1:03 PM.

Colony Defense Review was the previous entry.

Dream Day Wedding: Bella Italia Available for the PC is the next entry.

Find recent content on the main index or look in the archives to find all content.

 

Add to Technorati Favorites