Record Q2 for Staples



15 August 2006 — Framingham (MA): Staples has released record financial results for Q2, confirming analysts’ predictions of strong sales growth in Europe and gaining market share in North America.


The company reported 17 percent growth in North American Delivery, beating analysts’ forecasts of 16 percent, and an increase of ten percent in total North American retail sales.


International sales rose by five percent in local currency and eight percent in US dollars and European Retail comparable store sales growth was reported to be one percent.


Total company sales increased by 12 percent to $3.88 billion compared to $3.47 billion in Q2 2005. Citigroup’s forecast of diluted Q2 EPS of $0.22 proved correct, rising from $0.18 a year earlier.


Net income increased by 19 percent to $161 million.