Staples reiterates Q3 outlook

 

10 October 2006 — Framingham (MA): Staples has reiterated its previous guidance on EPS growth of between 15 and 20 percent, in line with average analyst estimates.

 

For both the Q3 and the full year, Staples expects low double-digit growth for the total company on the top line and a positive, low single-digit comparable sales increase in North American Retail.

 

For North American Delivery, the company expects to grow revenues in the mid-teens, and in its International division, Staples expects revenue growth to be positive in local currency.

 

The retailer expects free cash flow generation in the range of $700 million this year.