The company's performance could be largely attributed to spiking new game sales, which were up more than 13 percent year-over-year on a lineup of big-name releases in March. GameStop singled out Battlefield: Bad Company 2, Final Fantasy XIII, God of War III, Pokemon HeartGold and SoulSilver, and February's BioShock 2 as particularly strong sellers.
GameStop also improved its bottom line for the quarter. The company posted a net income of $75.17 million, up nearly 7 percent from the $70.43 million profits it declared in the same stretch of the year prior.
While disappointing sales for April have analysts second guessing their previously optimistic predictions for the industry in 2010, GameStop's outlook remains rosy. The company expects net profits to be up 9-17 percent year-over-year in the current quarter, 19-28 percent in the next quarter, and 14-18 percent overall for its fiscal 2010.
Those figures may be bolstered by some of the company's latest initiatives. GameStop said that later this month it will begin marketing and selling downloadable content in a number of test stores, and certain markets will see the launch of a new customer loyalty program.