Staples posts strong Q2

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Staples has announced a strong Q2, with revenue at $3.47 billion, up from $3.09 billion last year.

 

Net income for the quarter rose 20 per cent to $147 million. EPS increased by 25 per cent to $0.20, beating analysts’ expectations by a penny. Q2 North American retail comp store sales increased 3 per cent with total growth of 9 per cent.

 

Chairman/CEO Ron Sargent said: "Our team delivered another strong quarter of profitable growth through our commitment to making it easy for our customers. We continue to drive sustainable market share gains through consistent execution and focus on our growth initiatives."