Quantcast
RUMOR MILL
Back to Rumor Mill >
Thursday, July 20, 2000

MUSICLAND 2Q EARNINGS SKYROCKET

Company Execs Celebrate With Liquor And Whores, Employees Get Commemorative Paperweights
Everything's coming up roses for Musicland Stores Corporation—green roses. The nation's largest home-entertainment retailer is reporting a 14% increase in second-quarter earnings.

Musicland stores and e-commerce net earnings rose to $.05 per diluted share, up $.01 from last year's second quarter. Overall sales reached $818.3 million.

With sales up 4.4% from last year, Musicland store earnings climbed to $.11, while net earnings increased more than 62%, to $3.6 million.

While e-commerce generated a share loss of $.06 (compared to $.02 a year ago), it marks a huge leap in revenues to $1.7 million. Last year, Musicland online sales earned only $.03 million in its first-ever quarter.

 
BACK TO RUMOR MILL
 
BEHIND LATIN'S STREAMING SURGE: PART I
Spotify and Apple Music are speaking a new language. (8/10a)
Check It Out Now
KRENTS, OLEJAR ASCEND AT VERVE
UMG jazz label has a new chief. (8/10a)
Check It Out Now
NEW & DEVELOPING
ARTISTS: Q3 EDITION
The stars of tomorrow—and one star of the moment (8/11a)
Check It Out Now
TOP 20: THE RACE
FOR #1 IS ON
It's neck and neck at the turn. (8/11a)
Check It Out Now
MO OSTIN: THE 2017 INTERVIEW, PART ONE
Available online for the first time (8/3a)
Check It Out Now
RISE OF THE INDIES
How they're reshuffling the biz deck.
THE LATIN-MUSIC MARKETPLACE
Thoughts on a changing landscape.
KETCHUP
It's everywhere.
THE NEXT HUGE CATALOG STORY
Another stunning return.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions