Matt Martin
16:36 (BST)
21/08/2008
Record second quarter sales for GameStop
US retailer GameStop has hit record second quarter sales for the three months ended August 2.
Net earnings were up 162.1 per cent to USD 57.2 million, with sales up 34.8 per cent to USD 1.8 billion.
"In the second quarter, we produced record revenues in each of the geographical regions where we operate," said R. Richard Fontaine, GameStop's chairman and CEO.
"By prioritising our investments and focusing our resources, GameStop continues to significantly outperform the speciality retail segment as a whole, when comparing top-line growth, comparable store sales, and net earnings growth."
Sales across the 5557 stores were up 20 per cent, with new software sales up 43 per cent.
The biggest titles for the retailer during the period were GTA IV, Metal Gear Solid 4: Guns of the Patriots, NCAA Football 09, Wii Fit and Battlefield: Bad Company.
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