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Article: Staples, Inc. Reports Record Second Quarter Performance; Earnings Per Share Increased 22 Percent and Sales Rose 12 Percent; North American Retail Comparable Sales Increased Four Percent.
- Article from:
- Business Wire
- Article date:
- August 15, 2006
CopyrightCOPYRIGHT 2006 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 second quarter ended July 29, 2006. The company posted record sales and earnings, driven by market share gains in North America and steady progress in its International business.
Total company sales rose 12 percent to $3.88 billion compared to the $3.47 billion reported for the second quarter of 2005. Net income increased 19 percent year-over-year to $161 million, and earnings per share, on a diluted basis, increased 22 percent to $0.22, from the $0.18 achieved in the second quarter of last year.
Second quarter North American Retail comparable store sales increased four ...