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Daily News

RadioShack Reports Strong Earnings
Feb 27, 2008
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Retailer RadioShack net income for the full year ended Dec. 31 up 222.6% to US$236.8 million, yet net sales down 10.6% to $4.3 billion. The company attributed the sales decline to an 8.2% drop in same store sales. Net income was up 20% to $101 million while net sales were down 6.6% to $1.4 billion. RadioShack attributed the earnings increase to improved gross margin, lower overhead and reduced interest expense, and attributed the sales decline to a 6.7% drop in same-store sales.

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