*NEWS*STUNNING Q1 PROFIT RISE @ STAPLES

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*NEWS*STUNNING Q1 PROFIT RISE @ STAPLES

 user 2005-05-22 at 1:51:00 pm Views: 94
  • #9788
    Stunning Q1 profit rise at Staples

    May 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.