Staples (SPLS) Reports In-Line Q1 EPS of 17c

Staples (NASDAQ: SPLS) reported Q1 EPS of $0.17, in-line with the analyst estimate of $0.17. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.47 billion.

Comparable sales, which combines comparable store sales and Staples.com sales growth excluding the impact of changes in foreign exchange rates, declined three percent versus the prior year. Sales declines in computers, mobility, business machines and technology accessories were partially offset by growth in copy and print, facilities and breakroom supplies and mailing and shipping supplies. Comparable store sales decreased five percent, reflecting a three percent decline in average order size and a two percent decline in traffic versus the prior year. Staples.com sales grew one percent in U.S. dollars, or three percent on a local currency basis, during the first quarter of 2015.

Staples sees Q2 2015 EPS of $0.11-$0.13, versus the consensus of $0.11. For the second quarter of 2015, the company expects sales to decrease versus the second quarter of 2014

For earnings history and earnings-related data on Staples (SPLS) click here.

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