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Friday 24th October

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Hastings's Full Year: Sales Down, Net Loss Up

Posted at 2:31PM Monday 24 Mar 2014

In the fourth quarter ending January 31, revenues at Hastings Entertainment fell 3.7%, to $136.4 million, and net income rose 91.7%, to $2.3 million. For the full year, revenues fell 5.7%, to $436 million, and the net loss increased 9.7%, to $10.2 million.

Last week, Hastings announced that it hopes to be bought for $3 a share and merge with subsidiaries of National Entertainment Collectibles Association, all of which are controlled by Joel Weinshanker. In this morning's quarterly and annual report, the company didn't mention the deal.

PW

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