STAPLES POSTS STRONG 2ND Q.

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.”