Jefferies Cuts Price Target on Staples (SPLS) Following 4Q Miss and Soft Guidance

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Go back to Jefferies Cuts Price Target on Staples (SPLS) Following 4Q Miss and Soft Guidance

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Staples (SPLS) Misses Q4 EPS by 2; Comps Fell 5%

March 4, 2016 6:04 AM EST

Staples (NASDAQ: SPLS) reported Q4 EPS of $0.26, $0.02 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $5.41 billion.

North American comps fell 5 percent.

GUIDANCE:

Staples sees Q1 2016 EPS of $0.16-$0.18,... More