Electronics Boutique Reports Record Results

Officials from video game retailer Electronics Boutique have announced the company’s fourth quarter and full year results. For the fiscal fourth quarter total revenues increased 25.9% to $671.5 million, with software sales experiencing a 31% increase and hardware a 22% rise. Net income for the quarter was $39.4 million, or $1.57 per diluted share, this compares with net income of $31.6 million, or $1.21 per diluted share, for the same quarter in fiscal 2003. For the full fiscal year, total revenues grew 21.6% to $1,601.8 million, fuelled by a 33% increase in video game software sales and 17% growth in hardware sales. Net income was $45.7 million, or $1.80 per diluted share, which compares with net income of $37.4 million, or $1.42 per diluted share, reported in fiscal 2003. Source: Electronics Boutique