Blockbuster's Q1 profit drops - Atlanta Business Chronicle:

dyakonostrlin.blogspot.com
The company said the credit facilith ensures the company can move forward with theliquidith that’s needed to complete its Dallas-based Blockbuster Inc. (NYSE: BBI) postesd a profit of $27.7 million, or 12 cents per share, in the firsy quarter of 2009. That is down from $45.43 million, or 22 cents per share, during the same quartedr last year. Sales for the quarter hit $1.132 billion, which is down from $1.39 billion a year ago. During the Blockbuster dealt with inventory and decreasecd advertising as well as weaker DVD title strength and competitioj frommovie theaters--all of which had some impact on the company said.
Revenue also was impactex by a reductionin company-operatedf stores. However, Blockbuster said its decline in total revenue was partiallyg offset by an increase in averagerentapl rates. During the quarter, same-storse sales, or sales at Blockbuster stores open for 12 monthaor more, fell 10.9 percent when comparedc to the 2.9 percent increasse the stores experienced last year.