GameStop (GME) reports comparable-store sales rose 7.8% in FQ4 as console launches drove traffic.
As expected, the company saw its mix of new video game hardware jump higher. On the software side, new video games accounted for 33% of sales and pre-owned titles made up 20.1% of sales. Profit on pre-owned titles was flat compared to a year ago while profit from new games was 13% lower.
GameStop announces it expects to lower its video game store count by approximately 2% this year.
FY14 EPS guidance is set at $3.40-$3.70 by GameStop vs. $3.76 consensus.
GME -5.4% premarket