Steve Mehs
01-15-03, 03:57 AM
RadioShack reported that fourth quarter 2002 total sales decreased 1 percent, to $1.5 billion, from $1.52 billion recorded in fourth quarter 2001.
On a comparable store basis, sales were up 2 percent for the quarter.
The national electronics chain took it on the chin when it came to home entertainment sales. Those sales were down 17 percent, and the decline was attributed to lower sales of satellite TV systems.
RadioShack sells both DirecTV and EchoStar's DISH Network at its stores.
However, RadioShack is optimistic about its overall future. "Year-over-year sales, which improved every month of the quarter, were very strong in product categories such as portable computing, digital photography, personal electronics and portable audio," said Leonard Roberts, chairman and CEO.
"When combined with a strong start to January, the company's sales trend is clearly improving," he said.
From SkyReport (http://www.skyreport.com/skyreport/jan2003/011503.shtm#three) (Used with Permission)
On a comparable store basis, sales were up 2 percent for the quarter.
The national electronics chain took it on the chin when it came to home entertainment sales. Those sales were down 17 percent, and the decline was attributed to lower sales of satellite TV systems.
RadioShack sells both DirecTV and EchoStar's DISH Network at its stores.
However, RadioShack is optimistic about its overall future. "Year-over-year sales, which improved every month of the quarter, were very strong in product categories such as portable computing, digital photography, personal electronics and portable audio," said Leonard Roberts, chairman and CEO.
"When combined with a strong start to January, the company's sales trend is clearly improving," he said.
From SkyReport (http://www.skyreport.com/skyreport/jan2003/011503.shtm#three) (Used with Permission)