GameStop Conference Call Highlights

GameStop

reported its second quarter earnings on Friday. Shares of the company are up five percent. • I'd like to begin by reviewing our second quarter results, including highlights of 25% revenue growth and EPS growth of 144% up to $0.22 per share. • GameStop's consolidated global sales were $1.73 billion, up over 25% from $1.38 billion in the prior-year quarter. • Our comps were up 21.9%, up 19.7% in the U.S. and up 26.2% internationally. • For the last four quarters, our comp was 12.3% • Pre-owned and value sales grew 5.5% compared to the prior year quarter. • Our digital receipts for non-GAAP revenue totaled $179.2 million, a 17.6% increase over Q2 last year with growth in both console and PC digital. • Our mobile revenues grew 85% to $112.1 million from $60.6 million in the second quarter of last year. • Technology Brands represented about 40% of the operating profit growth for the quarter. • The international sales of digital products accelerated during the quarter growing at 53% 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% versus prior generation launch and GameStop's are plus 103%.