RadioShack Q1 2015 Earnings Conference Call Highlights

The following are highlights from RadioShack's RSH fiscal 2015 first quarter conference call.

For a detailed look into the company's financial results for the quarter see the press release.

Financial

• Total net sales and operating revenue was $736.7 million.
• Comparable store sales down 14 percent.
• Net operating loss of $81 million.
• $0.97 loss per diluted share from continuing operations.

Company Turnaround Plan

• Store closures is a "key part" of the turnaround plan.
• A mutual agreement between management and creditors could not be reached about prior plans to close 1,100 stores. Instead, up to 200 stores will be closed per year. Mexico stores not included in store closure numbers.
• RS Connect is one of the Company's "most successful" implementations.
• "Fix It Here" program saw huge demand in store and represents minimal incremental labor costs.
• The company has begun rolling out new products with the majority targeted to debut in the third quarter.

Liquidity

• Company has enough liquidity for the next 12 months.
• If liquidity falls through, management will cut capex, advertising, inventory, etc... or seek to raise more capital.
• Management said relations with creditors is "very solid."