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 Lowers Q4 Financial Outlook
Jan 6, 2003
 Printable format
 Email this Article
 Search

Consumer electronics retailer RadioShack Corporation announced that its fourth quarter 2002 earnings per share will not meet its previously stated forecast of U.S. $0.63-$0.68. Rather, the company believes its fourth-quarter earnings per share are more likely to be $0.58-$0.60.

"Though year-over-year sales changes improved every month during the quarter, sales were consistently a little lower than our plan throughout the three-month period," said Leonard Roberts, chairman and CEO. "In addition, gross margin trends, beginning in November, aggravated the earnings picture."

Among the more significant drivers of RadioShack's earnings shortfall were weaker than expected performances in the following merchandise categories:

  • Sales and gross margin of Sprint PCS products and service beginning in November,
  • Sales of (non-micro) radio controlled toys,
  • Sales of specialty batteries tied to radio controlled toys, and
  • Sales of select home entertainment accessories tied to DVD players.

    RadioShack reiterated it still expects 13-15 percent annual earnings per share growth from 2003 to 2005. The company's expectation is based on the following assumptions:

  • Sales growth of 2-3 percent,
  • Gross margin improvement of 70 to 80 basis points,
  • SG&A growth of 1-2 percent and
  • An active, continuing share repurchase program.

    RadioShack will release fourth quarter 2002 sales on Tuesday, Jan. 14, 2003, before the market opening.

    Back to Daily News

  •  

    Daily News

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

    Apr 24, 2014: BSH Annual Revenue Tops EUR 10 Billion for First Time

    Apr 24, 2014: New Home Sales Show Sharp March Drop

    Apr 24, 2014: Ingersoll Rand HVAC Segment Reports Strong 1Q

    Apr 24, 2014: ASHRAE 2014 Annual Conference Announced For Seattle

    Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

    More Daily News>>

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

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

    March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
    February 2014: Appliance Magazine Market Insight: December 2013
    January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
    January 2014: Appliance Magazine Market Insight: November 2013




     
    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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows