Staples (SPLS) Tops Q4 EPS by 1c; Comps Fell 1%
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Staples (NASDAQ: SPLS) reported Q4 EPS of $0.31, $0.01 better than the analyst estimate of $0.30. Revenue for the quarter came in at $5.66 billion versus the consensus estimate of $5.76 billion.
Comps fell 1%.
Outlook
For the first quarter of 2015, the company expects sales to decrease versus the first quarter of 2014. The company expects to achieve fully diluted non-GAAP earnings per share in the range of $0.16 to $0.18 for the first quarter of 2015. This guidance excludes any potential impact on earnings per share related to restructuring and other related activities or costs related to the company’s planned acquisition of Office Depot. The company expects to record pre-tax charges in the range of $15 million to $40 million associated with restructuring and other related activities during the first quarter of 2015. For the full year 2015, the company expects to generate more than $600 million of free cash flow.
*** The Street see Q1 EPS of $0.17.
For earnings history and earnings-related data on Staples (SPLS) click here.
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