*NEWS*STAPLES POSTS STRONG 2ND Q.

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*NEWS*STAPLES POSTS STRONG 2ND Q.

 user 2005-10-21 at 11:54:00 am Views: 37
  • #14014

    Staples posts strong Q2
    Staples
    has announced total Q2 revenue of $3.47 billion, compared to $3.09
    billion in the previous 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
    and 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.”