Staples (SPLS) Reports In-Line Q2 EPS
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Staples, Inc. Announces Second Quarter 2016 Performance
August 17, 2016 6:00 AM UTCFRAMINGHAM, Mass.--(BUSINESS WIRE)-- Staples, Inc. (Nasdaq: SPLS) announced today the results for its second quarter ended July 30, 2016. Total company sales for the second quarter of 2016 were $4.8 billion, a decrease of four percent compared to the second quarter of 2015. On a GAAP basis, the company reported a net loss of $766 million, or $1.18 per share. Second quarter 2016 results on a GAAP basis include pre-tax charges of $986 million primarily related to the impairment of European goodwill and other assets and costs associated with the termination of the Office Depot merger agreement.
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