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RadioShack Corporation Reports Fourth-Quarter and Full-Year 2010 Results

FORT WORTH, Texas Feb. 22, 2011 December 31, 2010

$1.37 billion $1.32 billion $57.0 million $0.51 $75.7 million $0.60

$4.47 billion $4.28 billion $206.1 million $1.68 $205.0 million $1.63

Julian C. Day

Jim Gooch

Capital Structure Update

$98.6 million $300 million August 24, 2010 November 2, 2010 $101.4 million

$98.6 million $569.4 million $723.7 million $53.1 million $80.1 million $81.0 million

January 4, 2011 $325 million $450 million May 2011 January 4, 2011 $318.1 million March 4, 2011

Outlook

$1.60 to $1.90

$10 million to $15 million

$100 million to $125 million

Actual results may differ from this guidance due to significant events that may occur during the year, the nature, timing and financial impact of which are not yet known.

In addition, RadioShack has informed T-Mobile that they have materially breached their contract with the Company.  RadioShack anticipates having constructive discussions with T-Mobile and hopes that the matter will be resolved quickly.

Fourth Quarter 2010 Results

December 31, 2010 $34.0 million $12.0 million $3.6 million

$7.4 million $13.1 million

$561.1 million $579.0 million

$438.4 million $425.7 million

$103.3 million $132.2 million

Full-Year 2010 Results

December 31, 2010 $157.3 million $21.6 million $17.8 million Mexico

Comparable store sales for company-operated stores and kiosks increased 4.4%, driven by increased sales in our Sprint and AT&T postpaid wireless business, increased sales of prepaid wireless handsets and airtime, and increased sales of wireless accessories. These increases were partially offset by sales declines in digital-to-analog converter boxes, GPS products, netbooks, digital televisions and digital cameras. The inclusion of T-Mobile as a postpaid wireless carrier increased sales for the first nine months of 2010; however, T-Mobile sales decreased in the fourth quarter when compared to the same period last year.

$33.7 million $170.1 million the United States June 2009

$2.01 billion $1.96 billion

$1.55 billion $1.51 billion

$375.4 million $369.4 million

Webcast, Conference Call and Form 10-K

4:30 p.m. EST http://IR.RadioShackcorporation.com 5:30 p.m. EST

7 p.m. EST midnight EST March 8, 2011

Fort Worth, Texas

Forward-Looking Statements

February 22, 2011

About RadioShack Corporation

the United States Mexico the United States www.radioshackcorporation.com www.radioshack.com

RadioShack® and The Shack® are registered trademarks licensed by RadioShack Corporation.

Source: RadioShack – F

Financial Tables Follow

RADIOSHACK CORPORATION AND SUBSIDIARIES

Consolidated Statements of Income (unaudited)

     Three Months Ended

            Year Ended

December 31,

December 31,

(In millions, except for per share amounts)

2010

2009

2010

2009

Net sales and operating revenues

$  1,367.8

$  1,318.2

$  4,472.7

$  4,276.0

Cost of products sold

806.7

739.2

2,462.1

2,313.5

Gross profit

561.1

579.0

2,010.6

1,962.5

Operating expenses:

Selling, general and administrative

438.4

425.7

1,554.7

1,507.9

Depreciation and amortization

18.5

20.6

76.5

83.7

Impairment of long-lived assets

0.9

0.5

4.0

1.5

Total operating expenses

457.8

446.8

1,635.2

1,593.1

Operating income

103.3

132.2

375.4

369.4

Interest income

0.5

0.9

2.6

4.8

Interest expense

(10.9)

(10.3)

(41.9)

(44.1)

Other loss

(1.6)

Income before income taxes

92.9

122.8

336.1

328.5

Income tax expense

35.9

47.1

130.0

123.5

Net income

$  57.0

$  75.7

$  206.1

$  205.0

Net income per share:

Basic

$  0.52

$  0.60

$  1.71

$  1.63

Diluted

$  0.51

$  0.60

$  1.68

$  1.63

Shares used in computing net income

per share:

Basic

109.8

125.5

120.5

125.4

Diluted

111.9

127.1

122.7

126.1

RADIOSHACK CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets

December 31,

(In millions )

2010

2009

Assets

Current assets:

Cash and cash equivalents

$  569.4

$  908.2

Accounts and notes receivable, net

377.5

322.5

Inventories

723.7

670.6

Other current assets

108.1

114.4

Total current assets

1,778.7

2,015.7

Property, plant and equipment, net

274.3

282.3

Goodwill, net

41.2

38.9

Other assets, net

81.2

92.4

Total assets

$  2,175.4

$  2,429.3

Liabilities and Stockholders’ Equity

Current liabilities:

Current maturities of long-term debt

$  308.0

$  —

Accounts payable

272.4

262.9

Accrued expenses and other current liabilities

318.0

360.7

Income taxes payable

9.7

30.9

    Total current liabilities

908.1

654.5

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