GameStop 2Q Earnings Nearly Triple

Grapevine, Texas GameStop Corp. on Thursday reported its second-quarter earnings nearly tripled on increased sales.

Net earnings rose to $57.2 million for the three months ended Aug. 2, compared with $21.8 million in the same period last year.

Sales increased 34.8% to $1.8 billion from $1.34 billion in the prior-year period.

Same-store sales increased 20% during the second quarter as new video-game-software sales grew 43% to $705 million.

Login or Register to post a comment.