Staples (SPLS) Reports In-Line Q2 EPS

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Staples, Inc. Announces Second Quarter 2015 Performance

August 19, 2015 6:00 AM EDT

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Staples, Inc. (Nasdaq: SPLS) announced today the results for its second quarter ended August 1, 2015. Total company sales for the second quarter of 2015 were $4.9 billion, a decrease of five percent compared to the second quarter of 2014. On a GAAP basis, the company reported net income of $36 million, or $0.06 per diluted share. Second quarter 2015 results on a GAAP basis include pre-tax charges of $24 million related to restructuring and related activities, as well as $34 million related to the acquisition of Office Depot.

Total company sales increased one percent during the... More