RadioShack sees improved 4Q profits

FORT WORTH, Texas RadioShack reported that total net sales and operating revenues for the 2009 fourth quarter increased 4.7% to $1.32 billion, compared with $1.26 billion for the 2008 fourth quarter. Net income for the fourth quarter increased 26% to $75.7 million, or 60 cents per diluted share, compared with net income of $60.1 million, or 48 cents per diluted share, reported for the same period last year. Same-store sales increased 6.1% during the 2009 fourth quarter, compared with the 2008 fourth quarter.

Total net sales and operating revenues for 2009 increased 1.2% to $4.28 billion, compared with $4.22 billion for the 2008 full year. Full-year net income in 2009 increased 8.2% to $205 million, or $1.63 per diluted share, compared with net income of $189.4 million, or $1.47 per diluted share, reported last year.

"We are pleased with the progress made in 2009 toward establishing The Shack as a leader in mobility and innovative products and services, and we are confident that this strategy presents meaningful opportunities for sustainable growth," said RadioShack chairman and CEO Julian Day.