"Through two quarters, the year has played out as expected," said GameStop CEO Paul Raines in prepared remarks. "During this console transition period, our financial results have been supported by the continued growth of our emerging businesses."
The company is confident about the holiday season, which will see the launch of two consoles and all those sweet new software sales (and all those used sales from people unloading current-gen libraries to fund their transition).
Raines concluded, "Of course, excitement continues to build for the upcoming new games and the launch of the PS4 and Xbox One. As the global gaming leader, GameStop is uniquely positioned to capitalize on the new, innovative products coming to market."