RadioShack Announces Prelim Q4 Sales of $1.39B vs $1.39B Est; EPS $0.11-0.13
RadioShack Corp. (NYSE: RSH) today announced preliminary, unaudited results for the fourth quarter ended Dec. 31, 2011.
Total net sales and operating revenues from continuing operations for the 2011 fourth quarter increased approximately 6% to $1.39 billion compared to $1.31 billion for the fourth quarter last year. Comparable store sales for company-operated stores increased approximately 2% during the 2011 fourth quarter.
Consolidated gross profit as a percent of net sales in the 2011 fourth quarter is expected to be approximately 35%, compared to 41% in the 2010 fourth quarter. Diluted earnings per share for the 2011 fourth quarter are expected to be in the range of $0.11 to $0.13, compared to $0.51 per diluted share reported in the 2010 fourth quarter.
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