Staples, Inc. (SPLS) Misses Q1 EPS by 3c; Issues Light Q2 EPS Outlook

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Go back to Staples, Inc. (SPLS) Misses Q1 EPS by 3c; Issues Light Q2 EPS Outlook

Deutsche Bank Comments on Staples (SPLS) Q1 Miss

May 20, 2014 8:11 AM EDT

Deutsche Bank maintained a Hold rating on Staples, Inc. (NASDAQ: SPLS) with a price target of $11. Analyst Mike Baker discussed Q1 results.

"Sales of $5.65b was a bit better than expected versus consensus of $5.62b, primarily due to better commercial sales, offsetting weaker stores and online. Comps were down 4% versus consensus down 2.5% and DB down 3%, but this was better than the 7% decline last quarter. But... More