Somebody remind me — we’re in a recession, right? OK, now somebody remind GameStop (NYSE: GME). Judging from yesterday’s Q2 2008 earnings report, it didn’t get the memo.
Building off 20% improvement in same-store sales, and with new store openings adding new revenue to the mix, the biggest name in gaming retail posted 35% sales growth and 162% better profits than in last year’s Q2. (Kudos to Electronic Arts (Nasdaq: ERTS), Take-Two Interactive (Nasdaq: TTWO), Nintendo (OTC BB: NTDOY.PK), and Konami (NYSE: KNM) for putting out popular software titles to drive those sales.)
Read the full article here.
-Justin
