Staples Reports Record Results
Mar 2, 2006
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Business equipment retailer Staples, Inc. said sales for its fourth quarter, ended Jan. 28, 2006, grew 9 percent to U.S. $4.5 billion compared to the same quarter of 2004. Total company net income of $290 million rose 15 percent, and earnings per share of $0.39, on a diluted basis, rose 18 percent compared to the fourth quarter of 2004.

Staples, based in Framingham, Massachusetts, U.S., said fiscal year 2005 sales reached $16.1 billion, an 11 percent increase compared to 2004. The company reported 2005 net income of $834 million, an 18 percent increase versus last year. Earnings per share of $1.12, on a diluted basis, rose 20 percent versus 2004.

For the first quarter of 2006, Staples anticipates high single-digit sales growth for the total company and expects earnings per share to grow 15 to 20 percent. For the full year, the company expects low double-digit sales growth and expects earnings per share to grow 15 to 20 percent.

Staples is a global office products company with approximately 1,780 office superstores. It also serves customers through mail order catalogs, e-commerce and contract businesses.

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