Gamestop today revealed its fiscal results for the three-month period ending August 2. Sales for the period increased more than a third year-on-year to US$1.80 billion. Earnings for the company were up a whopping 162 percent from results in Q2 2007 to $57.2 million to Q3 2007.

"In the second quarter, we produced record revenues in each of the geographical regions where we operate," stated R. Richard Fontaine, Chairman and CEO. "By prioritizing our investments and focusing our resources, GameStop continues to significantly outperform the specialty retail segment as a whole, when comparing top-line growth, comparable store sales, and net earnings growth."

Grand Theft Auto IV, Metal Gear Solid 4: Guns of the Patriots, NCAA Football 09, Wii Fit and Battlefield: Bad Company were the company's best sellers over the period. Looking forward, titles such as Guitar Hero: World Tour, Rock Band 2, Lego Batman, LittleBigPlanet, Spore and Gears of War 2 are expected to carry GameStop for the rest of the year. The company projects growth between 12 and 14 percent for store sales for the fiscal year ending March 2009, with total company sales up 23 to 25 percent during that period.

"We are raising our full year 2008 EPS guidance based on growth of the worldwide installed base and our expectations of a strong second half of the year," continued Fontaine. "We have consistently delivered superior returns to our shareholders by driving value through our new and used business model, generating exceptional returns from our new store expansion and we fully expect this performance to continue."