Edition:
United States

Staples Inc (SPLS.OQ)

SPLS.OQ on NASDAQ Stock Exchange Global Select Market

8.69USD
11:21am EDT
Change (% chg)

$-0.09 (-1.08%)
Prev Close
$8.78
Open
$8.80
Day's High
$8.82
Day's Low
$8.66
Volume
211,855
Avg. Vol
1,677,134
52-wk High
$10.25
52-wk Low
$7.24

Latest Key Developments (Source: Significant Developments)

Staples says it recorded a loss of $907 mln related to sale of controlling interest in European operations in Q1 2017
Tuesday, 16 May 2017 06:43am EDT 

May 16 (Reuters) - Staples Inc :Staples Inc says in Q1 of 2017, recorded a loss of $907 million related to sale of controlling interest in European operations - SEC filing.Staples Inc says expect to generate about $300 million of annualized pre-tax cost savings by end of 2018.  Full Article

Staples says Q1 same store sales fell 3 percent
Tuesday, 16 May 2017 06:00am EDT 

May 16 (Reuters) - Staples Inc :Announces first quarter 2017 performance.Total company sales for Q1 of 2017 were $4.1 billion, a decrease of five percent.Sees Q2 2017 non-GAAP earnings per share $0.10 to $0.13 from continuing operations.Q1 same store sales fell 3 percent.Staples Inc says company remains on track to close approximately 70 stores in North America in 2017.On a GAAP basis, company reported Q1 net income from continuing operations of $105 million, or $0.16 per diluted share.Q1 GAAP earnings per share $0.16 from continuing operations.Q1 2017 results from continuing operations include pre-tax charges of $8 million primarily related to restructuring.Q1 non-GAAP earnings per share $0.17 from continuing operations excluding items.Q1 earnings per share view $0.17, revenue view $4.50 billion -- Thomson Reuters I/B/E/S.Staples Inc says for full year 2017, company expects to generate at least $500 million of free cash flow.Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Staples inc says "2017 is off to a good start".  Full Article

Staples names Brett Wahlin as Chief Information Security Officer
Monday, 8 May 2017 03:06pm EDT 

May 8 (Reuters) - Staples Inc ::Staples Inc names Brett Wahlin chief information security officer.Wahlin joins Staples from Hewlett-Packard Enterprise.  Full Article

Staples Inc is exploring a sale - Source
Tuesday, 4 Apr 2017 10:02am EDT 

: Staples Inc is exploring a sale; company is in talks with a small number of possible private-equity bidders – Source ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Staples explores possible sale of the company, in early talks with buyout firms - CNBC
Tuesday, 4 Apr 2017 09:40am EDT 

:Staples explores possible sale of the company, in early talks with buyout firms - CNBC.  Full Article

Platinum Equity to buy Staples' business in Australia and New Zealand
Monday, 13 Mar 2017 05:30pm EDT 

Staples Inc : Platinum equity to acquire staples' business in australia and new zealand . Staples inc - platinum equity will acquire staples' business in australia and new zealand for an undisclosed sum . Staples inc - following transition to new ownership, divested business will continue to operate under staples brand in australia and new zealand . Staples inc - morgan stanley is acting as exclusive financial advisor to staples .Staples - divested business to continue to operate under staples brand in australia, new zealand for short period of time while new corporate brand is created.  Full Article

Staples Q4 adjusted earnings per share from continuing operations $0.25
Thursday, 9 Mar 2017 06:00am EST 

Staples Inc : Qtrly non-GAAP earnings per diluted share from continuing operations $0.25 . Total company sales for Q4 of 2016 were $4.6 billion, a decrease of three percent compared to Q4 of 2015 . Q4 2016 results from continuing operations include pre-tax charges of $791 million . Total company comparable sales for Q4 of 2016 declined one percent compared to Q4 of 2015 . For Q1 of 2017, company expects to achieve fully diluted non-GAAP earnings per share from continuing operations in range of $0.15 to $0.18 . Company plans to close approximately 70 stores in North America in 2017 . For full year 2017, company expects to generate at least $500 million of free cash flow . Company plans to close approximately 70 stores in North America in 2017 . North American delivery sales for Q4 of 2016 were $2.6 billion, a decline of one percent compared to Q4 of 2015 . Q4 GAAP loss per share $0.94 from continuing operations .North American retail sales for Q4 of 2016 were $1.6 billion, a decrease of eight percent compared to Q4 of 2015.  Full Article

Staples sets quarterly cash dividend of $0.12per share
Tuesday, 7 Mar 2017 04:15pm EST 

Staples Inc :Sets quarterly cash dividend of $0.12per share.  Full Article

Staples says entered into a sale and purchase agreement with Promontoria Holding 192 B.V.
Thursday, 2 Feb 2017 04:18pm EST 

Staples Inc : Staples - On Feb 2, co, units entered into a sale and purchase agreement with Promontoria Holding 192 B.V. - sec filing .Staples Inc- agreement to sell retail, contract and online businesses of company and its affiliates in Europe - sec filing.  Full Article

Staples says Cerberus to buy controlling stake in Co’s European business
Wednesday, 7 Dec 2016 10:29am EST 

Staples Inc : At completion of sale, Staples shall be obligated to deliver Staples Solutions B.V. & Units with unrestricted cash of EUR 20.0 million . At completion of sale, Staples also obligated to pay Staples Solutions B.V. & Units with estimated EUR 140.0 million . Co,Cerberus entered agreement in relation to sale of a controlling interest in Staples’ European operations to a Cerberus affiliate . Cerberus to pay EUR 50.0 million for 85 percent stake in Co's European business .In connection with initial classification as held for sale, Co expects non-cash charges in range of about $220 million to $240 million in Q4 2016.  Full Article

More From Around the Web

BRIEF-Staples says it recorded a loss of $907 mln related to sale of controlling interest in European operations in Q1 2017

* Staples Inc says in Q1 of 2017, recorded a loss of $907 million related to sale of controlling interest in European operations - SEC filing