Hollywood Ups Forecast3 Dec, 2002 By: Hive News
On the strength of comparable store sales for the quarter-to-date, which includes the Thanksgiving week, Hollywood Entertainment Corp. is upping its target for fourth quarter comparable store sales to show an increase of at least 12 percent for the quarter, the company announced today.
All major components of the business, including movie and game rentals and sales, were performing better, Hollywood reported. The increase in targeted comparable store sales for the quarter is on top of a comparable store sales increase of 11 percent for the fourth quarter last year.
The company also announced that as a result of its same store sales performance, it is increasing its target for fourth quarter adjusted diluted earnings per share, to a range of 38 cents to 40 cents per share.