Blockbuster Q4 same-store sales up 4.4%
Dallas Blockbuster said its U.S. same-store sales rose 4.4% in the fiscal fourth quarter and that full-year earnings exceeded August's raised expectations.
The same-store sales gain was driven by a 37% surge at the retail end on increased sales of games, game merchandise and consumer electronics.
The preliminary results come two days after the chain said it hired a law firm to explore restructuring options, but that it doesn't intend to file for bankruptcy.