Sprint Nextel drags on RadioShack
July 25 2008 - 1:31 pm EDT | Allie Winter | RCR Wireless News
Comment on this story
RadioShack Corp. reported a 6.9% increase in sales, driven by revenues from digital-to-analog TV converter boxes, GPS device sales, video gaming sales, prepaid wireless phones and improvement in AT&T Mobility’s postpaid offerings. However, Sprint Nextel Corp. continued to drag on the company; RadioShack said the carrier’s lackluster performance in postpaid affected its earnings.
“Despite an improvement in Sprint’s postpaid business vs. prior quarters, it continues to be a significant negative impact to the company’s performance,” RadioShack said. “But for the Sprint postpaid and related wireless accessory business, comparable store sales in the second quarter would have increased 12.7%.”
Further, RadioShack suffered a 2.7% decrease in kiosk business. The culprit? Sprint Nextel, again. The retailer saw significant decreases in the Sprint Nextel and Sam’s Club kiosks.
The retailer reached $995 million in total sales, up $60 million from last year’s $935 million amount in the second quarter.
Sprint Nextel will release its earnings Aug. 6, which will undoubtedly be compared with already-released results from AT&T Mobility Inc. and Verizon Wireless.
Phones I've Owned On My Own Account:
Sidekick 3, LG VX10000, BlackBerry 8130, BlackBerry 8330, Samsung SPH-a640, HTC XV6800, Apple iPhone 3G 8GB, Unlocked BlackBerry Storm 9530, Sony Ericsson Xperia X1a, Samsung Impression, Motorola Backflip, Apple iPhone 3GS 16GB, Samsung Captivate, Apple iPhone 4 16GB
Phones I've Owned Prior To Starting My Own Account:
Nokia (CellularOne), Motorola T720, Samsung SCH-a670, LG VX8100, LG VX9800, Motorola Q, LG VX8550
|Thread||Thread Starter||Forum||Replies||Last Post|
|Sprint Nextel turning around?||cwilliams706||Sprint||0||05-22-2008 03:08 PM|
|What’s next for Sprint Nextel?||cwilliams706||Sprint||0||03-16-2008 09:50 PM|
|Rough Times Ahead for Sprint/Nextel?||Alex||Sprint||3||02-07-2008 08:39 AM|
|Embarq chief to take reins at Sprint Nextel:||Ellen||Sprint||1||01-02-2008 09:55 PM|
|Sprint Nextel to pro-rate EFTs:||Ellen||Sprint||6||11-08-2007 09:32 PM|
All times are GMT -6. The time now is 12:12 PM.