Staples (SPLS) Reports In-Line Q1 EPS of 17c
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Staples, Inc. Announces First Quarter 2015 Performance
May 20, 2015 6:00 AM EDTFRAMINGHAM, Mass.--(BUSINESS WIRE)-- Staples, Inc. (Nasdaq: SPLS) announced today the results for its first quarter ended May 2, 2015. Total company sales for the first quarter of 2015 were $5.3 billion, a decrease of seven percent compared to the first quarter of 2014. On a GAAP basis, the company reported net income of $59 million, or $0.09 per diluted share, compared to net income of $96 million, or $0.15 per diluted share, achieved in the first quarter of 2014. First quarter 2015 results on a GAAP basis include pre-tax charges of $45 million related to restructuring and related activities, $22 million of impairment primarily related to certain... More
