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