GameStop Reports Another Strong Quarter on Used Game Sales

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GameStopGame Retailer GameStop reported its financial results for its fiscal first quarter ended May 1, 2010:
For the quarter, GameStop reported net income of $75.172 million compared to net income of $70.433 million in the same quarter the previous year. The company reported that new game sales were up 13.3% thanks to games such as Battlefield: Bad Company 2, God of War III, Final Fantasy XIII and Pokemon titles.

As in past quarters, the majority of sales came from new video game hardware and software, but used sales provided nearly half of the company's gross profit. For this latest quarter, used video game products provided only 27.4% of sales, but contributed 48.1% of the company's gross profit.

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This page contains a single entry by Editor published on May 20, 2010 6:01 AM.

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