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Hastings Entertainment narrows loss in Q3


Amarillo, Texas -- Multimedia entertainment retailer Hastings Entertainment reported Monday that it recorded a loss of $3.1 million for the quarter ended Oct. 31, compared with a loss of $3.4 million in the year-ago period.

Total revenues for the third quarter were flat at $112.3 million.

Total same-store revenues increased 1.3% for the quarter. Merchandise same-store revenues increased 1.2% for the quarter and rental same-store revenues increased 2.2% for the quarter.

Hastings Entertainment, which combines the sale of new and used books, videos, video games, CDs and electronics with the rental of videos and video games, currently operates 146 superstores, as well as a new concept store, Sun Adventure Sports, in Amarillo, Texas.

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