| Business Summary | | Movie
Gallery
Inc.
owns
and
operates
specialty
video
stores.
As
of
March
12,
2001,
the
Company
owned
and
operated
1,035
stores
located
in
30
states,
which
rent
and
sell
videocassettes,
digital
video
discs
(DVD)
and
video
games.
Since
its
initial
public
offering
in
1994,
the
Company
has
grown
from
97
stores
to
its
present
size
through
acquisitions
and
the
development
of
new
stores.
The
Company
is
a
video
specialty
retailer
in
rural
and
secondary
markets.
For
the
fiscal
year
ended
December
31,
2000,
over
87%
of
Movie
Gallery's
rental
revenue
was
derived
from
the
rental
of
movies
on
videocassettes
and
DVD,
with
the
remainder
being
derived
primarily
from
the
rental
of
video
games. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Movie
Gallery,
Inc.,
as
of
3/01,
owned
and
operated
1,035
video
specialty
stores,
located
in
30
states,
that
rent
and
sell
video
cassettes,
DVDs
and
video
games.
For
the
26
weeks
ended
7/1/01,
revenues
rose
10%
to
$174.6
million.
Net
income
before
extraordinary
item
fell
12%
to
$5.1
million.
Revenues
reflect
increased
same
store
sales
and
higher
average
number
of
stores
opened.
Earnings
were
offset
by
increased
store
operating
expenses
and
a
$3.3
million
option
compensation
cost. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joe Malugen, 49 Chairman
and CEO | $373K | H. Parrish, 53 Pres | 372K | William Snow, 69 Vice
Chairman | -- | J. Roy, 40 CFO,
Exec. VP | 316K | S. Todd, 39 Sr.
VP, Sec., and Gen. Counsel | 224K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|