GameStop Sees 25 Percent Increase in Global Sales During Q2

August 22, 2014 - GamePolitics Staff

Video games retailer GameStop reported a 25 percent increase in total global sales compared to the same period a year ago. The company reported $1.73 billion for the second quarter of this year, a 25.1 percent increase over last year's Q2 number of $1.38 billion. Consolidated comparable store sales increased 21.9 percent and net earnings for Q2 came in at around $24.6 million, up 134.3 percent from $10.5 million in the same period last year.

Second quarter sales on new hardware climbed to 124.8 percent and new software sales was up by 15.6 percent. Pre-owned was up by 5.5 percent.

"The second quarter demonstrates the power of the new console cycle and all of our business units, including Technology Brands, positively contributing to the company's sales and profits," said CFO Rob Lloyd.

"The back half of the year is filled with exciting games and products coming to market and I am confident that we are prepared to capitalize on these opportunities."

Source: GII

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