Tandy posts 17% decline in profit for latest quarter

Article Abstract:

Tandy Corp reports a 17 percent decline in profit for the 1st qtr ending Sep 30, 1990. The net income for the period was $52.2 million, or 65 cents a share, as compared with $62.8 million, or 73 cents a share, for the same period in 1989. Sales of microcomputers rose 27 percent to $285 million for the quarter, which contributed largely to a revenue rise of 11 percent to $1.09 billion from $986 million for the same period in 1989. The company blamed the decline in earnings to heavy discounting in its chain of 7,000 Radio Shack stores; the reason the company discounted heavily was to clear out inventories for an expected slow Christmas period in 1990. Some analysts think that Tandy's market share for home microcomputers may suffer since IBM and Apple Computer Inc announced their low-cost microcomputers.

Business planning, First Quarter

---

Tandy posts flat net for its 4th quarter; revenue grew 10%

Article Abstract:

Tandy Corp's 4th qtr 1989 earnings of $56.9 million are almost unchanged from those of the previous year. Revenue rose 10 percent from $813.5 million in 1988 to $897.4 million. The figures fell slightly below analysts estimates. Tandy's Radio Shack stores report a nine percent drop in computer sales and a six percent rise in consumer electronics sales, making a total sales increase of only three percent. Tandy officials remain optimistic that the sluggishness in low-end computer will soon end and plans are underway for a 1990 marketing program emphasizing the user-friendliness of Tandy computers. Tandy net income for 1989 is $323.5 million and total revenue is $4.18 billion.

Ophthalmic goods-wholesale, Distribution channels, Revenue, Retail/Reseller Channel, Fourth Quarter

---

Tandy expects 2nd-quarter profit to drop slightly

Article Abstract:

Tandy Corp is expecting lower earnings for the 2nd qtr ended Dec 30, 1989, below 1988's $135.1 million, or $1.50 a share. Tandy, an electronics retailer and manufacturer, claims soft sales and charges related to patent settlements affected earnings. In addition, the company was plagued with disappointing sales of less-expensive computers, plus consumer-electronics items resulting in sluggish Christmas sales. Analysts predict Tandy's net income will be about $120 million, or $1.45 per share. The stronger part of the computer market is currently in high-end computers, products that Tandy has had trouble marketing.

Sales, Microcomputer, Retailing, Second Quarter

Similar abstracts:

• Abstracts: BellSouth net rose 6.6% for 4th quarter. US West Inc. and Frontier to weigh bid
• Abstracts: Behind networks' Web deals, a bazaar of barter. Madison Avenue roots not for the Falcons. Advance sales of children's ads slacken
• Abstracts: An optimal design problem for limited processor sharing systems. Reversibility of tandem blocking queueing systems
• Abstracts: Taxes: home deductions. More income subject to social security taxes. 1991 tax changes for the individual taxpayer
• Abstracts: MAI Basic to post 'significant' loss for third quarter. Brooke plans to make equity investment in MAI Basic Four

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.