RadioShack Corporation’s (NYSE:RSH) saw net income fall in the fourth quarter from a year earlier. Net income for the electronics store fell to $11.9 million (12 cents per share) vs. $57 million (51 cents per share) a year earlier. This is a decline of 79.1% from the year-earlier quarter. Revenue rose 5.9% to $1.39 billion from the year-earlier quarter. RadioShack Corporation matched the mean estimate of 12 cents per share. Analysts were expecting revenue of $1.39 billion.
Jim Gooch, president and chief executive officer of RadioShack Corp., said, “The final results for our fourth quarter are in line with the preliminary range we issued in January. Despite our gross margin challenges, we have a strong balance sheet, are making progress in our mobility business, and expect to advance our business improvement initiatives in 2012.”
Competitors to Watch: Best Buy Co., Inc. (NYSE:BBY), CONN’S, Inc. (NASDAQ:CONN), GameStop Corp. (NYSE:GME), hhgregg, Inc. (NYSE:HGG), Systemax (NYSE:SYX), Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Funtalk China Hldgs. Ltd. (NASDAQ:FTLK), Rent-A-Center, Inc (NASDAQ:RCII), Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY), Vita Group Limited (AMEX:VTG).
Steven Madden Ltd. (NASDAQ:SHOO) reported higher profit for the fourth quarter as revenue showed growth. Net income for Steven Madden Ltd. rose to $23.8 million (55 cents per share) vs. $17.6 million (41 cents per share) in the same quarter a year earlier. This marks a rise of 34.9% from the year-earlier quarter. Revenue rose 73.7% to $279.8 million from the year-earlier quarter. Steven Madden Ltd. beat the mean analyst estimate of 54 cents per share. It beat the average revenue estimate of $266.2 million.
Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We are pleased to have ended 2011 with record fourth quarter results. We delivered high-teen organic sales growth in each of our wholesale footwear, wholesale accessories and retail businesses. Our flagship Steve Madden brand led the way, as we recorded strong gains in Steve Madden women’s footwear and handbags in both wholesale and retail and in both the United States and international markets. We also continued to integrate and capitalize on our new acquisitions, Topline and Cejon, which are proving to be excellent additions to the business. We believe we are well-positioned as we head into 2012, with a strong portfolio of brands, a proven business model, and a number of substantial growth opportunities which we anticipate will enable us to continue to drive top and bottom line gains.”
Competitors to Watch: Brown Shoe Company, Inc. (NYSE:BWS), Skechers USA, Inc. (NYSE:SKX), Deckers Outdoor Corp. (NASDAQ:DECK), TOD’S SpA (NYSE:TOD), Crocs (NASDAQ:CROX), J.C. Penney (NYSE:JCP), Nordstrom (NYSE:JWN), Macy’s (NYSE:M), Saks (NYSE:SKS), Kenneth Cole Productions (NYSE:KCP), The Timberland Company (NYSE:TBL) and NIKE, Inc. (NYSE:NKE).
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