GameStop Reveals Surging Profits, Forecasts Strong Growth

Predominant U.S. video game specialty retailer GameStop has released its quarterly results, with sales surging 38.2% to $2.3 billion, citing World Of Warcraft and console software as its main high points.

The company, which operates 4,778 retail stores across the United States and in fourteen countries worldwide, revealed that its overall profits were $129.8 million for the 14-week fourth quarter of 2006 ending February 2nd 2007, compared to $85.0 million for the 13-week quarter the previous year.

On a comparable store basis, sales increased 26.5% during the fourth quarter, and the company explained: "Brisk sales in January of Vivendi's World Of Warcraft and new video game software titles drove the greater than anticipated results."

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