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Article: Staples, Inc. Reports Record First Quarter Performance; Sales Increased 13 Percent and Earnings Per Share Rose 24 Percent; North American Retail Comparable Sales Increased Four Percent.
- Article from:
- Business Wire
- Article date:
- May 17, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FRAMINGHAM, Mass. -- Staples, Inc. (Nasdaq: SPLS) announced today the results for its first quarter ended April 30, 2005. Total company sales for the quarter grew to $3.90 billion, an increase of 13 percent versus $3.45 billion for the same quarter of 2004. North American Retail comparable sales increased four percent, with total North American Retail sales growth of nine percent. North American Delivery sales rose 17 percent, and International sales grew 19 percent.
The company achieved net income of $159 million for the quarter. After adjusting for the three-for-two stock split effective April 15, 2005, this represents earnings per share of $0.21, on a diluted ...