RadioShack Q2 Loss Widens - Quick Facts

(RTTNews) - RadioShack Corp. (RSH) reported that its net loss for the second quarter ended August 2, 2014 widened to $137.4 million from $52.2 million in the previous year. Net loss per share was $1.35 versus a loss of $0.51 last year.

Loss from continuing operations was $137.4 million or $1.35 per share, compared to a loss from continuing operations of $51.4 million last year.

On an adjusted basis, loss from continuing operations was $101.5 million, which compared to an adjusted loss from continuing operations of $62.9 million last year. Adjusted loss per share from continuing operations also widened to $1.00 from $0.62 in the prior year quarter.

Operating loss for the second quarter was $119.4 million compared to operating loss of $51.1 million last year. On an adjusted basis, operating loss was $83.5 million excluding certain non-cash items and $8.6 million in severance and $20.6 million in impairments of fixed assets and goodwill, partially offset by $2.0 million in reserves in inventory.

Total net sales and operating revenues for the quarter were $673.8 million, down from $861.4 million last year. Comparable store sales were down 20.0% driven by traffic declines and soft performance in the mobility business.