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GameStop financials: Growth reported in new, used, and digital sales sectors

Thursday, 19th May 2011 17:17 GMT By Stephany Nunneley

GameStop has reported its Q1 earnings for its fiscal year, which ended on April 30, and it finds sales up 9.5 percent to $2.28 billion, compared to the prior year’s $2.08 billion.

Total net income for the retail chain net came in at $80.4 million, compared to $75.2 million in the prior year. New games sales were up 4.8 percent and thanks in part to the launch of Nintendo 3DS, sales of new hardware were up 24 percent.

Used sales were also up 9.5 percent, which is the highest for the sector in six quarters. Sales for individual stores open for more than year, were up 5.3 percent, and online digital sales were up a whopping 53 percent.

The top five games for the retailer were Pokémon Black and White, Mortal Kombat, Marvel vs. Capcom 3: Fate of Two World, Call of Duty: Black Ops, and Homefront.

Thanks, WSJ.

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