Staples Inc. second-quarter earnings at a glance

By AP
Tuesday, August 25, 2009

Glance: A look at Staples earnings highlights

Staples Inc., the nation’s largest office supplies retailer, reported its fiscal second-quarter profit fell 39 percent compared with a year earlier, hurt by its acquisition of Corporate Express. Here’s a look at some of the highlights of the earnings report.

SALES: Sales rose 9 percent to $5.53 billion, just missing analyst expectations.

SAME-STORE SALES: Sales at Staples stores open at least a year, a key industry metric known as same-store sales, fell 5 percent in the second quarter as average order size fell.

WHAT’S SELLING: Sales of computers, ink and paper grew, but sales of business machines and furniture were weaker.

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