GameStop enjoys $9.08 billion in sales in FY2009, $377 million profit

by Alexander Sliwinski on Mar 18th 2010 2:30PM

GameStop made bank even in the bad economy. Reporting its fourth quarter and fiscal 2009 (ending January 20, 2010) results today, the retail juggernaut revealed it had $3.52 billion and $9.08 billion in sales during the quarter and full year, respectively. As for profits -- after taxes, depreciation, amortization, et al. -- the company earned $215.9 million for the quarter and $377.3 million for the year.

CEO Daniel DeMatteo noted it was the company's second highest earnings year, "in spite of the weak worldwide economic environment" -- no kidding. New software sales accounted for 41.1 percent ($3.7 billion) of the company's total sales, while the sweet recycled nectar of used games came in second with 26.4 percent ($2.4 billion) -- the rest was new hardware and "other." GameStop expects its earnings to grow 14 to 18 percent in the coming year.

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Tags: business, fiscal-year, fy2009, gamestop, q4

Reader Comments (52)

Good. As long as the bigger retailers neglect to support my need for Atlus, NIS, Aksys, etc games, I approve of this. Gamestop ftw tbqh.

Unfortunately the request for reserves and subscriptions is mandated by the employers of gamestop. Employees have no choices but to ask for reserves and subscriptions or they face disciplinary action. Also having said reserve game "X" to everyone day after day until it becomes game "Y" becomes a forced habit. It's a standard retail store. Employer asks more of the employee than is good for the employee, so you get annoyed customers which is then put on the employee and they suffer. Remember they are people and the only reason they don't put your face through the wall if you are being a jerk is because they need that minimum wage working at the digital crack house. And while working anywhere you represent! even if it makes you bend over backwards and take it all... day... long... so be nice to those in retail. and remember everyone has a bad day just don't compound the situation. as to the monies. only 300 million in net profit? this seems like a solid investment though a costly one. one dollar to guarantee you make that one dollar back and 3 cents. but in this economy to stay above the line is even more difficult. and DO NOT EVER TRADE IN, 50% or less of value unless special deals. best deal ever trade in a tier one game get another tier one game for 20$, ex bayonetta for darksiders, it was a one month deal. sell that stuff to your friend or ebay gets more monie$ gamestop quickfix digitalcrackhouse

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