Consolidated comparable store sales rose 20.5 percent.
The company said:
the quarter, sales of new software increased by 43.1 percent, driven by the strong performance of recently released new titles, such as Rockstar Games’ Grand Theft Auto V. New hardware sales grew 15.3 percent, led by strong sell-thru of Nintendo 2DS and 3DS. Each of these categories outperformed the overall market, leading to 675 basis points of market share gain during the quarter.
Pre-owned sales decreased 2.0 percent. Our new businesses, mobile and digital, had sales and receipts growth of 14.4 percent to $49.9 million and 8.6 percent to $137.9 million, respectively.
In addition, the company also announced that its board of directors has approved a new $500 million share repurchase plan, replacing the remaining $217 million available on the existing authorization.
Sees Q4 EPS of $1.97 - $2.14, versus the consensus of $2.15. Comparable store sales are expected to range from +2.0 percent to +9.0 percent.
Sees FY13 EPS of $3.08 - $3.25, versus the consensus of $3.23. Comparable store sales are expected to range from +1.5 percent to +4.5 percent.
For earnings history and earnings-related data on GameStop Corp. (GME) click here.