GameStop's Pawn Shop Strategy Continues to Pay

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GameStopRetailer GameStop announced its financial results for its first fiscal quarter, ended April 30, 2011. Read on for more details...
For its first fiscal quarter ended April 30, 2011, GameStop reported consolidated net income of $80.4 million compared to consolidated net income of $75.2 million in the same quarter the previous year.

GameStop reported improved sales over the same quarter the previous year and credited "...strong HD console sales, the Nintendo 3DS launch and a 9.5% growth of pre-owned products." GameStop also reported that the top five selling games were Pokemon Black and White, Mortal Kombat, Marvel vs. Capcom 3: Fate of Two Worlds, Call of Duty: Black Ops and Homefront

As usual, used video game products continue to be the big profit driver for GameStop. While used video game products accounted for only 27.4% of sales, they accounted for 48.0% of profits.

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This page contains a single entry by Editor published on May 19, 2011 9:24 AM.

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