Coinstar 's (Nasdaq: CSTR) second-quarter earnings results made the masterminds behind the cash-for-coin, merry-go-round, and disc-in-a-box kiosk operation look like bona fide geniuses. And we should have all seen it coming. The company seems to be taking over the world one storefront at a time.
The company's net income attributable to the magnate grew to $7.0 million -- 160% over last year's results -- on 43% revenue growth. Net sales totaled $314 million for the quarter. The improved results came primarily from its booming Redbox DVD business, whose revenues more than doubled year over year.
Mad cookies, mad jars If you're not entirely familiar with everything Coinstar does, take a look at this breakdown of its revenues by segment.
Revenues by Segment
Q2 2009
Q2 2008
Growth
DVD
188.9
90.0
110%
Coin
64.9
64.5
1%
Entertainment
31.9
35.8
-11%
Money transfer
22.2
23.8
-7% Continued...