Sales for the fourth quarter of 2009 increased 0.9 per cent to $3.52 billion, while net earnings dropped 7.1 per cent to $215.9 million, compared to $232.3 million the previous year. The total year’s results reflected much the same, increased 3.1 per cent to $9.08 billion, while net earnings decreased 5.3 per cent to $377.3 million. Yearly earnings per share were $2.25, compared to $2.38 in 2008.
CEO, Daniel DeMatteo, said: "GameStop delivered its second highest earnings year ever in fiscal 2009, in spite of the weak worldwide economic environment. We saw global market share growth as new software sales increased 1.2%, proving once again that the great entertainment value and exceptional service GameStop delivers resonates with our customers.”
“ Each facet of our business has been evaluated in the past year and I am pleased that our team worldwide is working harder than ever to enhance our core competitive advantages and also build new, exciting growth drivers.”
"GameStop remains committed to our long-range plans by prudently investing in new stores and strategic initiatives to strengthen our relationship with our customers. In 2010, we see great opportunity to deliver earnings growth by improving global operational efficiencies, expanding our leading market share and utilizing the buy-sell-trade model to drive new and used software sales."