I Hate Blockbuster Forum  

Go Back   I Hate Blockbuster Forum > Lovers of Blockbuster > Are You An Employee Of Blockbuster?

 
Thread Tools Display Modes
  #11  
Unread May 5th, 2011, 01:38 PM
JustTheFacts JustTheFacts is offline
Senior Member
 
Join Date: May 2005
Posts: 379
Blockbuster Posts Four-week $46.2M Loss

5 May, 2011
By: Erik Gruenwedel

Chain loses $114.6 million from Jan. 31 through April 3.


Blockbuster reported a net loss of $46.2 million for the four-week period from March 7 to April 3 (three days before its $320 million sale to Dish Network), according to a filing with U.S. Bankruptcy Court in New York.

The Dallas-based rental chain posted revenue of $173 million during the period, which included $83.1 million in disc rentals, $64.5 million in previously rented product revenue, $21.7 million in merchandise revenue and $3.7 million in other revenue.

Blockbuster does not break out revenue from its by-mail service or license agreement with NCR Corp., which owns and operates nearly 9,000 Blockbuster Express kiosks.

From Jan. 31 through April 3, Blockbuster reported a net loss of $114.6 million as consumers gravitate toward rental kiosks, Netflix, transactional video-on-demand and, to a lesser extent, independent video stores.

Revenue for the two-month period totaled $447.8 million, including $258 million in disc rentals, $124.9 million in previously rented product revenue, $54.8 million in merchandise revenue and $10.1 million in other revenue.

Blockbuster, which posted a gross profit of $238 million during the two-month period ($83.9 million during the four-week period), again was undermined by general and administrative costs totaling a whopping $301 million ($117.5 million during the four-week period).
  #12  
Unread May 5th, 2011, 02:07 PM
BUYMECAR's Avatar
BUYMECAR BUYMECAR is offline
IHBB GOD
 
Join Date: Nov 2008
Posts: 2,668
LOL! how to lose over 11 million a week.
__________________

=3
  #13  
Unread May 5th, 2011, 02:54 PM
Veruka_Salt's Avatar
Veruka_Salt Veruka_Salt is offline
IHBB Freak
 
Join Date: Jul 2010
Location: Someplace where people say "Y'all" without irony
Posts: 1,025
Quote:
Originally Posted by JustTheFacts View Post
Blockbuster, which posted a gross profit of $238 million during the two-month period ($83.9 million during the four-week period), again was undermined by general and administrative costs totaling a whopping $301 million ($117.5 million during the four-week period).
I think most of that went to bottles of White-out and shredder machines.
__________________
Life is not one thing after another, it's the same God damn thing over and over -- Dorothy Parker
The Following 2 Users Say Thank You to Veruka_Salt For This Useful Post:
Big Dog (May 10th, 2011), zooworker (May 6th, 2011)
  #14  
Unread May 10th, 2011, 12:13 AM
Backer Card's Avatar
Backer Card Backer Card is offline
Member
 
Join Date: Aug 2010
Location: On a shelf
Posts: 139
"Don't you worry about those 30-40% negative comps each week, we're staying open!"
 

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 10:27 PM.


vBulletin Version 3.7.1
© 2024, Jelsoft Enterprises Ltd.