Staples secures strong Q3



Published on November 16, 1999
Published on February 21, 2011
 

Office retailer Staples Inc. reported a 34 per cent jump in its Q3 earnings. It is attributing the improvement to a better performance by its stores and delivery business.

Topics :
Staples , North America

Net income for the quarter ended Oct. 30 rose to $92.5 million, or 20 cents per diluted share, from $69.2 million, or 15 cents in the year-earlier period.

Revenue rose 26 per cent to $2.4 billion from $1.9 billion. Sales at stores open more than a year rose 9 percent worldwide and 10 percent in North America.

For the first nine months of the year, Staples earned $195.6 million, or 42 cents a diluted share, compared to $114.1 million, or 27 cents, a year earlier. Sales rose to $6.3 billion from $5.1 billion.

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