GameStop Reports Strong Fiscal Year on Used Product Sales

| | Comments (0)
GameStopRetailer GameStop reported its financial results for its fiscal fourth quarter and fiscal year ended January 29, 2011. Read on for more details...
For the fiscal fourth quarter ended January 29, 2011, GameStop reported net income of $237.8 million compared to net income of $215.9 million in the same quarter the previous year. For the full year, GameStop reported net income of $408.0 million compared to net income of $377.3 million in the previous fiscal year. GameStop attributed its success in the financial year to its "...innovations in e-commerce, digital offerings and PowerUp Rewards" program.


As usual, GameStop's profitability is substantially due to its used game and hardware business. For the last fiscal year, used game products comprised only 26.1% of sales, but provided 46.2% of gross profit.

Leave a comment

About this Entry

This page contains a single entry by Editor published on March 24, 2011 8:21 AM.

PlayStation Move Heroes Downloadable for the PlayStation 3 was the previous entry.

Theater of War 3: Korea Available as a PC Download is the next entry.

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

 

Add to Technorati Favorites