Date: Sunday May 22, 2005 01:52:00 pm
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Stunning Q1 profit rise at StaplesMay 2005 – Framingham
(MA): Staples has posted a stunning Q1 profit rise of 24 per cent to $159
million, or EPS of $0.21, from $126 million, or EPS of $0.17, last year.Sales came in at $3.90 billion, up 13 per cent from $3.45 billion. North
American comp sales increased 4 per cent.Chairman and CEO Ron Sargent
said: “Our team continues to deliver industry-leading results and drive
significant market share gains. We are reaping the awards of our balanced
approach to growth and profitability.“The continued strength of our
North American businesses provides us with the flexibility to invest in the many
ideas that will sustain our growth in the years to come,” he added.
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