Hastings

  1. Hastings in Q2: Music Sales Down 12%, Most Everything Else Up

    August 21, 2012 4:35 PM EDT Different retailer, same story. Brick-and-mortar retailer Hastings Entertainment reported a second-quarter loss of $3.4 million on revenue of $104.1 million for the quarter ended July 31. The loss was a slight improvement from a $4.1 million loss ...

  2. Business Matters: Triton Media Helping Pandora Seem More Like a Radio Company

    May 21, 2012 5:48 PM EDT By Acting More Like Radio, Pandora Can Sell Advertising Pandora Media will become a successful Internet radio service by acting more and more like a radio company. In order to be a radio company, you need to use metrics common in the radio busines ...

  3. Business Matters: Another Sign of Retail Life -- Hastings Music Sales Up 1.3%

    June 08, 2011 6:45 PM EDT Slightly Better Than Flat Is the New Up! -- Here's another example of brick-and-mortar retail reaching something of a plateau: Hastings' music sales were up 1.3% in the quarter ended April 30. That's a few percentage points better t ...

  4. Business Matters: Warner Music Group, Hastings, MOG

    August 16, 2010 12:00 AM EDT -- Standard & Poor 's downgraded Warner Music Group 's stock to "negative" from "stable" last week. The ratings agency believes a lower rating is proper "until there is an indication that digital sales can re ...

  5. Business Matters: Hastings, Gigaboxx, 'Physical Is Dead' and more

    August 10, 2010 12:00 AM EDT Hastings To Buy Back Stock -- Entertainment retailer Hastings has announced a stock repurchase of up to $10 million. Previously announced stock repurchase programs amount to $27.5 million. Chairman and CEO John H. Marmaduke says in the press relea ...

  6. Hastings Makes Big Push Into Comic Books

    June 22, 2010 12:00 AM EDT Entertainment retailer Hastings is extending its footprint in comic books, a segment that has taken on greater importance as its music sales have fallen. In the 12 months ending April 30, Hastings’ music sales were down over 15% while books were d ...

  7. Business Matters: Hastings, Rap-A-Lot, Echo Nest and More

    May 17, 2010 12:00 AM EDT Follow Glenn Peoples on Twitter -- Entertainment retailer Hastings reported a 4.9% increase in revenue to $129 million in the first quarter of 2010. Net income dropped to $1 million from $1.7 million. Comp store revenue increased 4.9%. Comp store ...

  8. Q3 Earnings: Industry Financial Snapshot

    December 07, 2009 12:00 AM EST Dour financial results have never looked so good. With a few exceptions, Q3's earnings results offered a snapshot of repeated losses and turnaround plans bearing little fruit. But in today’s environment, survival is a marker of success. Music ...

  9. Analysis: Music Biz Earnings Recap

    August 25, 2009 12:00 AM EDT The latest round of earnings releases by music and music-related entertainment companies was a collection of troubled performances and requests for cautious optimism. As has been the case for many quarters, these companies emphasized the positives ...

  10. Business Matters: Albums Not Dead, Hastings Q2, Digital = Green?

    August 18, 2009 12:00 AM EDT -- The dead CD format turns out not to be dead. It’s not a surprise to anybody in the music industry, but you’d have to excuse the general public, for years barraged by CD obituaries from the media (especially tech bloggers), for thinking the CD w ...

  11. Business Briefs: EMI, Hastings, Ingrid Michaelson

    May 18, 2009 12:00 AM EDT -- A report says EMI is likely to sell off the Olympic recording studio in southwest London. ( Times Online ) -- Entertainment retailer Hastings reported net earnings of about $1.7 million for the three month period ended April 30, 2009. Revenues ...

  12. Analysis: Hastings Well Positioned

    April 22, 2009 12:00 AM EDT Hasting Entertainment's annual report , filed yesterday with the SEC, reflects the state of physical media products and the need for physical retail to retool its stores. Like its competitors, entertainment retailer Hastings has sought out gr ...

  13. Business Briefs: Nokia, Facebook, MySpace, Hastings

    April 17, 2009 12:00 AM EDT - In yesterday's earnings call, Nokia CEO Olli-Pekka Kallasvuo called the 5800 Xpress Music combined with Comes With Music was a "big success story." He said the phone has seen "strong demand" in every country it has launc ...

  14. Trans World, B & N, Hastings Post Quarter Losses

    November 20, 2008 12:00 AM EST Trans World Entertainment losses widened in the third quarter, with the company showing $27.4 million (91 cents per diluted share) in red ink on sales of $195.2 million, compared to $14.3 million (46 cents per diluted share) in losses on sales of ...

  15. Hastings Posts Record Q1 Income

    May 19, 2008 12:00 AM EDT Hastings Entertainment turned in its fifth consecutive quarter of earnings growth, posting almost $3 million in net income, or 28 cents per diluted share, on sales of $131.9 million, for the three month period ended April 30. The company said the ...

  16. Hastings Improves Profits

    March 24, 2008 12:00 AM EDT The Hastings Entertainment chain continues to defy odds by showing increasing profits and holding its own on sales revenue. For the three-month period ended, Jan. 31, Hastings Entertainment reported improved profits of $5.8 million profit, or 54 c ...

  17. Hastings Entertainment Posts Q1 Gain

    May 21, 2007 12:00 AM EDT Hastings Entertainment posted net income of $2.5 million, or 22 cents per diluted share, on sales of $128 million in its fiscal first quarter, ended April 30, versus the $1.9 million, or 17 cents per diluted share it made last year when revenues w ...

  18. Hastings Entertainment Revenues Down

    March 27, 2007 12:00 AM EDT Hastings Entertainment posted a net income of $5.1 million, or 45 cents per diluted share, on revenues of $174.2 million in the three-month period ended Jan. 31. That was down 26.3% from the $7 million in net income, or 61 cents per diluted share, ...

  19. Hastings Ent. Releases Financial Results

    August 25, 2005 12:00 AM EDT Chain hits earnings forecast in Q2. Although Hastings Entertainment hit its earnings forecast by generating $671,000 in net income, or six cents per diluted share, on sales of $122.7 million in the three-month period ended July 31, the Amarillo, T ...

  20. Hastings Q1 Net Income Falls Short Of 2004

    May 24, 2005 12:00 AM EDT Hastings Entertainment posted net income of $800,000, or six cents per diluted share, on revenues of $129.1 million for the three-month period ended April 30. That was off last year's pace when the co Hastings Entertainment posted net income ...

  21. Hastings Reduces Q3 Loss

    November 22, 2004 12:00 AM EST Hastings Entertainment narrowed its loss during the fiscal third quarter, which ended Oct. 31. Hastings Entertainment narrowed its loss during the fiscal third quarter, which ended Oct. 31. The 152-unit chain reported a loss of $1.8 million, or 15 ...

  22. Hastings Reduces Q3 Loss

    November 22, 2004 12:00 AM EST Hastings Entertainment narrowed its loss during the fiscal third quarter, which ended Oct. 31. Hastings Entertainment narrowed its loss during the fiscal third quarter, which ended Oct. 31. The 152-unit chain reported a loss of $1.8 million, or 15 ...

  23. Hastings Returns To Profitability In Q1

    May 24, 2004 12:00 AM EDT Hastings Entertainment reports net income of $1.8 million, or 15 cents per diluted share, on revenues of $126.9 million in its fiscal first quarter, which ended April 30. Hastings Entertainment reports net income of $1.8 million, or 15 cents per d ...

  24. Hastings Returns To Profitability In Q1

    May 24, 2004 12:00 AM EDT Hastings Entertainment reports net income of $1.8 million, or 15 cents per diluted share, on revenues of $126.9 million in its fiscal first quarter, which ended April 30. Hastings Entertainment reports net income of $1.8 million, or 15 cents per d ...

  25. Hastings' Quarterly Profits Up 30%

    March 29, 2004 12:00 AM EST Hastings Entertainment reports net income of $12.4 million, or $1.07 per diluted share, on revenues of $163.2 million for its fiscal fourth quarter, which ended Jan. 31. Hastings Entertainment reports net income of $12.4 million, or $1.07 per dilu ...

  26. Hastings' Quarterly Profits Up 30%

    March 29, 2004 12:00 AM EST Hastings Entertainment reports net income of $12.4 million, or $1.07 per diluted share, on revenues of $163.2 million for its fiscal fourth quarter, which ended Jan. 31. Hastings Entertainment reports net income of $12.4 million, or $1.07 per dilu ...