GameStop marches on

Leading the impressive set of Quarter one figures is the huge 126 per cent leap in operating earnings to $38.1 million, alongside a total company sales rise of 119 per cent. Net earnings for the first quarter stood at $11.7m, despite merger-related expenses of $1.3m and stock-based compensation of $5.2m.

The firm highlighted Xbox 360 titles The Elder Scrolls IV: Oblivion and Ghost Recon: Advanced Warfighter as well as PS2 top seller Kingdom Hearts II as the strongest performers during the first quarter. Xbox 360 hardware availability was also cited as a major reason for the retailer’s outstanding financials.


Tags: This article has no tags

Follow us on

  • RSS