Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

RadioShack Q1 Results Below Expectations
Apr 21, 2006
 Printable format
 Email this Article
 Search

RadioShack Corporation (Fort Worth, Texas, U.S.) reported net income of U.S. $8 million or $0.06 per diluted share for the quarter ended March 31, 2006, versus net income of $55 million or $0.34 per diluted share for the quarter ended March 31, 2005. The consumer electronics retailer said write-downs in connection with its turnaround plan related to fixed assets and inventory reduced its pre-tax income by about $10 million.

"Wireless sales, in particular, were below our expectations and helped contribute to overall financials that were disappointing,” said Claire Babrowski, president and acting CEO. “While we knew first quarter would be weak, the results are worse than we anticipated. We clearly have a lot more work to do to get this company back to levels of profitability, which we all expect.

"The first quarter results do nothing to change our belief in the turnaround plan announced early this year." Babrowski added. "We have made progress in implementing the plan, and we continue to be confident we are making the right moves that will benefit RadioShack significantly over time.”

First quarter 2006 comparable store sales were down 1 percent versus the prior year. Total sales in the first quarter of 2006 were up 3 percent to $1.16 billion, compared to total sales of $1.12 billion for the previous year.

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows