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


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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