Coinstar Among the Top 25 on Fortune's "100 Fastest Growing Companies" List
Company Jumps to 22nd Overall in 2011 from 61st In 2010
BELLEVUE, Wash., Sept. 12, 2011 /PRNewswire/ -- Coinstar, Inc. (NASDAQ: CSTR), a leading provider of automated retail solutions, including redbox® self-service DVD and video game rental and Coinstar® self-service coin-counting brands, today announced it is ranked 22nd overall on Fortune Magazine's 2011 "100 Fastest-Growing Companies" list. Coinstar, Inc.'s ranking reflects the company's strong growth in the past year, jumping nearly 40 spots since 2010. This is the company's second consecutive year on the list.
"Coinstar's commitment to innovation has consistently delighted consumers and delivered substantial value to our partners, positioning us well for continued growth," said Paul Davis, chief executive officer, Coinstar, Inc. "This distinction by Fortune is a testament to our ability to provide our consumers with practical, value-added technologies in automated retail. We are honored to be a part of this list of market-movers."
To see the complete list, please visit FORTUNE.com/FastestGrowing.
About Fortune Magazine's 100 Fastest Growing Companies
To qualify, a company- domestic or foreign- must be trading on a major U.S. stock exchange; report data in U.S. dollars; file quarterly reports with the SEC; have a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2011; and have been trading continuously since June 30, 2008. Companies must have revenue and net of at least $50 million and $10 million, respectively, income for the four quarters ended on or before April 30, 2011; and have posted an annualized growth in revenue and earnings per share of at least 15% annually over the three years ended on or before April 30, 2011.
Companies that meet these criteria are ranked by revenue growth rate; EPS growth rate; and three-year annualized total return for the period ended June 30, 2011. (To compute the revenue and EPS growth rates, Fortune uses a trailing four quarters log linear least square regression fit.) The overall rank is based on the sum of the three ranks. Once the 100 companies are identified, they are then re-ranked within the 100, using the three equally weighted variables. If there is a tie, the company with the larger four-quarter revenue receives the higher rank.
About Coinstar, Inc.
Coinstar, Inc. (NASDAQ: CSTR) is a leading provider of automated retail solutions offering convenient services that make life easier for consumers and drive incremental traffic and revenue for retailers. The company's core automated retail businesses include the well-known redbox® self-service DVD rental and Coinstar® self-service coin-counting brands. The company has approximately 33,300 DVD kiosks and 18,900 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. For more information, visit www.coinstarinc.com.
SOURCE Coinstar, Inc.