GameStop (NYSE: GME) reported its second quarter earnings on Friday. Shares of the company are up 5.7 percent.
• I'd like to begin by reviewing our second quarter results, including highlights of 25 percent revenue growth and EPS growth of 144 percent up to $0.22 per share.
• GameStop's consolidated global sales were $1.73 billion, up over 25 percent from $1.38 billion in the prior-year quarter.
• Our comps were up 21.9 percent, up 19.7 percent in the U.S. and up 26.2 percent internationally.
• For the last four quarters, our comp was 12.3 percent.
• Pre-owned and value sales grew 5.5 percent compared to the prior year quarter.
• Our digital receipts for non-GAAP revenue totaled $179.2 million, a 17.6 percent increase over Q2 last year with growth in both console and PC digital.
• Our mobile revenues grew 85 percent to $112.1 million from $60.6 million in the second quarter of last year.
• Technology Brands represented about 40 percent of the operating profit growth for the quarter.
• The international sales of digital products accelerated during the quarter growing at 53 percent versus 2013,
• In addition to the over 28 million PowerUp Reward members in the United States, international loyalty programs topped 10 million members during the quarter across 15 countries.
• During the same timeframe category-wide next-gen software sales are plus 26 percent versus prior generation launch and GameStop's are plus 103 percent.
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