Staples (SPLS) Misses Q4 EPS by 1c, Sales Miss; Comps Fell 0.9%

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Go back to Staples (SPLS) Misses Q4 EPS by 1c, Sales Miss; Comps Fell 0.9%

Staples, Inc. Announces Fourth Quarter and Full Year 2016 Performance

March 9, 2017 6:00 AM EST

FRAMINGHAM, Mass.--(BUSINESS WIRE)-- Staples, Inc. (Nasdaq: SPLS) announced today the results for its fourth quarter and fiscal year ended January 28, 2017. Total company sales for the fourth quarter of 2016 were $4.6 billion, a decrease of three percent compared to the fourth quarter of 2015. On a GAAP basis, the company reported a net loss from continuing operations of $615 million, or $0.94 per share. Fourth quarter 2016 results from continuing operations include pre-tax charges of $791 million primarily related to goodwill impairment, restructuring costs, and the impairment of long-lived assets.

Total company comparable sales for the fourth... More