GameStop Posts Huge Quarter
The gaming retailer GameStop used a series of blockbuster titles to post company sales records, earning $57.2 million in second quarter net income, on around $1.8 billion in sales, the company said.
“In the second quarter, we produced record revenues in each of the geographical regions where we operate,” the company’s chairman and CEO, R. Richard Fontaine, said as part of the earnings release. “By prioritizing our investments and focusing our resources, GameStop continues to significantly outperform the specialty retail segment as a whole, when comparing top-line growth, comparable store sales, and net earnings growth.”
The games that sold best during the quarter, the company said, were “Grand Theft Auto IV,” “Metal Gear Solid 4: Guns of the Patriots,” “NCAA Football 09,” “Wii Fit” and “Battlefield: Bad Company.”