GME 4Q07 Earnings Recap

GAMESTOP 4Q07 Earnings Report Stats:

Beat ?: YES (reported $1.14 after pre-announcing + raising guidance a month earlier)

Profit--> up 46% to $190 million (from $130 million)
Sales --> up 24% to $2.86 Billion (from $2.3 Billion)
Same Store Sales --> up 17%

Other Highlights + Guidance:
*GME expects 1Q08 same store sales to be up 24.5% driven by strong demand for new software titles (GTA 4, Super Smash Bros., Devil May Cry 4, etc.)
*GME expects entire fiscal 2008 revenue growth of 20% to $8.5 Billion w/ same store sales increasing 12% (better than current analyst consensus estimates)
*GME expects entire fiscal 2008 earnings of $2.30/share (vs. current consensus of $2.22/share)
*GME has a reputation for its conservative guidance (they are familiar with U.P.O.D.)

*GME is looking forward to the 2008 blockbuster software releases of Grand Theft Auto 4, Wii Fit, Metal Gear Solid 4, Gears of War 2, Mario Kart Wii, Gran Turismo 5, Ninja Gaiden 2, Star Wars: The Force Unleashed, Army of Two, World of Warcraft, Prototype, Ghostbusters, etc.

*GME cautioned that their 3Q08 this year will face a difficult comparison vs 3Q07 because of 2007's monster hit Halo 3...they expect their yoy growth to be the softest in 3Q08.

Full Disclosure: I currently own shares of GME.