Author: Albena Toncheva
123jump.com
Last Update: 9:56 AM EDT August 30 2007
The leading video game retailer reported revenue of $1.33 billion, a growth of 38.9% from $963.3 million in the prior year. The comparable store sales grew 29.1%, on 49% growth in game software and 89% growth in hardware. GameStop has completed the implementation of the new ERP system in Germany and this will enable the firm to seamlessly move into any country. For fiscal 2007, the company is raising its EPS guidance to range from $1.45 to $1.48, with sales increasing by 20% to 22%.
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