Citigroup previews Staples Q2

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10 August 2006 — Framingham (MA): Analysts at banking firm Citigroup are highly confident ahead of the company’s official Q2 results release on Tuesday 15 August.

Citigroup is modelling EPS of $0.22 and expects Staples to report an increase of at least 16 percent in North American Delivery "as they aggressively court Viking customers".

 

The earnings preview report also expects Staples to benefit from improving economies in France and Germany, forecasting low-single digit growth and predicts the company to gain North American retail market share.