Special Reports

RadioShack

4Q, fiscal year

Published

18 years ago

January 13, 2006

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RadioShack Corp. (Fort Worth, Texas) reported a 5 percent increase in total sales for its fourth quarter ended Dec. 31, 2005. Same-store sales were up 4 percent.

“We drove strong sales in satellite radio, MP3 players, and digital imaging — three of the categories on which we focused our resources the most during the holiday season,” said president and ceo David Edmondson. “Sales results were higher in these low-margin non- wireless categories; however, we also experienced lower sales in high-margin categories. In addition, wireless was negatively impacted in our core stores due to our carrier transition from Verizon Wireless.”

Fiscal year total sales were up 5 percent and same-store sales increased 1 percent.

The consumer electronics retailer acknowledged that fiscal year earnings will not reach the company's goal.

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