Coinstar Among The Top 15 On Fortune's "100 Fastest Growing Companies" List
Company Jumps to 15th Overall in 2012 from 22nd in 2011
BELLEVUE, Wash., Sept. 20, 2012 /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 15th overall on Fortune Magazine's 2012 "100 Fastest-Growing Companies" list. For the third consecutive year, Coinstar has ranked in the top 100 reflecting the company's strong growth. Coinstar has jumped more than 45 spots since 2010 when it was ranked 61.
"Coinstar is reimagining retail through its automated kiosks which deliver products and services that are simple, convenient and affordable," said Paul Davis, chief executive officer, Coinstar, Inc. "Being recognized by Fortune for the third year in a row validates that our vision increasingly resonates with consumers and creates unprecedented value for retailers."
To see the complete list, please visit http://www.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 29, 2012; and have been trading continuously since June 30, 2009. Companies must have revenue and net income of at least $50 million and $10 million, respectively, for the four quarters ended on or before April 30, 2012; and have posted an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2012.
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 29, 2012. (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 and video game rental and Coinstar® self-service coin-counting brands. The company has approximately 38,500 DVD kiosks and 20,200 coin-counting kiosks in supermarkets, drug stores, mass merchants, financial institutions, convenience stores, and restaurants. Redbox also offers DVD rentals through additional kiosks acquired from NCR Corporation in June 2012. For more information, visit www.coinstarinc.com.
SOURCE Coinstar, Inc.