FORT WORTH, Texas, Feb 26, 2008 /PRNewswire-FirstCall via COMTEX/ -- RadioShack Corporation (RSH) today announced an increase in reported net income to $101.0 million, or $0.77 per diluted share, for the quarter ended December 31, 2007. Net income for the quarter ended December 31, 2006, was $84.5 million, or $0.62 per diluted share. Fourth quarter 2007 net income was favorably impacted by improved gross margin, a reduction in SG&A, and reduced interest expense when compared to the prior year.
"I am delighted to announce that our team here at RadioShack once again produced strong improvement in our operating profit for the fourth quarter, and for the year as a whole," said Julian Day, Chairman and Chief Executive Officer. "It is a testament to the hard work and devotion of everyone concerned, that this result was achieved against a background of difficult and uncertain economic conditions."