Gamestop (GME) Q2 July 2008 Quarter Earnings Notes
Conference Call
-5 of top 10 trade-in weeks all time in Q2 and June was a new monthly record as the consumer is budget-stretched
-used sales up 32%
-27% of sales is international
-Game Informer magazine is over 3.5 million subscribers
-Q3 guidance of flat to up 2% same-store, Q4 8-10%
-building up used inventory for Q3 and Q4
-bigger Wii allocation, but still have shortages. Wii Fit is even in more short supply
-3 months ago, Wii would sell out in 2 days. Now it’s 3-4 days
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