GameStop Reports Worse Quarterly Results and Softer Game Sales

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GameStopRetailer GameStop reported its financial results for its fiscal second quarter ended July 30, 2011. Read on for more details...
For its fiscal second quarter ended July 30, 2011, GameStop reported net income of $30.6 million, compared to net income of $39.8 million in the same quarter the previous year. GameStop blamed lower hardware sales and fewer big game releases for the declining results. As in most quarters, used game product sales provided nearly half of GameStop's profits. For this most recent quarter, used video game products provided 36.3% of sales and 46.2% of gross profits.

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This page contains a single entry by Editor published on August 18, 2011 9:23 AM.

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