Q4 Profits Up
By TWICE Staff On Mar 10 2010 - 2:56pm
FORT WORTH, TEXAS — Cost controls,
a new wireless carrier and a rebranding
campaign helped boost RadioShack’s
sales and profits for the
fourth quarter and full year in 2009.
Total net sales and operating revenues
increased 4.7 percent to $1.3 billion
for the three months, ended Dec.
31, while net income soared 26 percent
to $75.7 million. Comparable samestore
sales for U.S. company-operated
stores and kiosks increased 6.1 percent
over the year-ago period.
The net sales gain was driven by a 6.1-
percent increase in sales at U.S. company-
owned stores, to $1.1 billion. The
increase was partially offset by a $12.1
million decrease in kiosk sales due to
fewer locations and the closure of the
company’s Sprint-branded kiosks in
August 2009, although the decline was
partially offset by comp-store increases
at kiosks that RadioShack operates for
Sam’s Club. Sales at dealer-owned franchise
stores declined for the quarter.