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Staples Inc (SPLS.OQ)

SPLS.OQ on NASDAQ Stock Exchange Global Select Market

9.95USD
7 Dec 2016
Change (% chg)

$0.06 (+0.61%)
Prev Close
$9.89
Open
$9.88
Day's High
$10.04
Day's Low
$9.80
Volume
2,439,202
Avg. Vol
1,721,757
52-wk High
$12.30
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$7.24

Latest Key Developments (Source: Significant Developments)

Office Depot posts Q3 earnings of $0.08/share
Wednesday, 2 Nov 2016 06:45am EDT 

Office Depot Inc: Office Depot Inc announces third quarter 2016 results . Q3 adjusted earnings per share $0.16 from continuing operations . Q3 earnings per share $0.61 from continuing operations . Q3 earnings per share $0.08 . Q3 same store sales fell 2 percent . Q3 earnings per share view $0.15 -- Thomson Reuters I/B/E/S . Q3 sales $2.8 billion versus I/B/E/S view $3.49 billion . Office Depot Inc - streamlining operations to focus on North American business . North American retail division sales were $1.5 billion in q3 of 2016 compared to $1.6 billion in prior year period . Total company sales in q4 of 2016 are expected to be lower than 2015 . Office Depot Inc says as announced on August 3, 2016, company is proceeding with a second phase of U.S. retail store optimization plan. . "We are recovering quickly from disruption caused by protracted staples acquisition attempt" . Total capital expenditures in 2016 are now estimated to be approximately $120 million . Qtrly North American retail division same-store sales in quarter declined 2% . Office Depot Inc says second phase of US retail store optimization plan includes closing approximately 300 stores over next three years . Office Depot - estimates it will incur a total of approximately $125 million in one-time costs and capital expenditures to implement cost saving programs.  Full Article

Staples says launching licensing program to expand service footprint
Wednesday, 19 Oct 2016 10:00am EDT 

Staples Inc :Expanding brand into a range of solutions-oriented services and products via licensing agreements.  Full Article

Staples sets quarterly cash dividend of $0.12 per share
Tuesday, 13 Sep 2016 04:34pm EDT 

Staples Inc :.  Full Article

Staples Q2 GAAP loss per share $1.18
Wednesday, 17 Aug 2016 06:00am EDT 

Staples Inc : Q2 gaap loss per share $1.18 . Expects to achieve fully diluted non-gaap earnings per share in range of $0.32 to $0.35 for q3 of 2016 . For q3 of 2016, company expects sales to decrease versus q3 of 2015 . Qtrly north american stores comparable sales down 4% . Q3 earnings per share view $0.35, revenue view $5.42 billion -- Thomson Reuters I/B/E/S . Total company sales for q2 of 2016 were $4.8 billion, a decrease of four percent . Q2 non-gaap earnings per share $0.12 excluding items . Company plans to close at least 50 stores in north america in 2016. . Company's q3 "earnings guidance excludes potential charges related to company's strategic plans" .Q2 earnings per share view $0.12, revenue view $4.77 billion -- Thomson Reuters I/B/E/S.  Full Article

Staples names Steve Matyas, President North American Retail
Monday, 11 Jul 2016 06:57am EDT 

Staples Inc :Staples names Steve Matyas, President North American Retail.  Full Article

Staples says sets quarterly cash dividend of $0.12 per share
Tuesday, 14 Jun 2016 04:45pm EDT 

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

Staples to roll out same-day delivery service "staples rushSM"
Tuesday, 14 Jun 2016 06:57am EDT 

Staples Inc : Staples to roll out same-day delivery service "staples rushSM" . Service live in parts of Boston, Dallas, and Manhattan with Chicago, Houston, Los Angeles, San Francisco and Seattle to follow shortly .Customers placing orders by 3:00 p.m. Local time Monday - Friday on staples.com can have orders delivered by 7:00 p.m., initially for $14.99/delivery.  Full Article

Staples names Shira Goodman interim CEO
Tuesday, 31 May 2016 04:20pm EDT 

Staples Inc : Staples announces management transition . Says Shira Goodman, Staples' president, North America operations, will become interim chief executive officer . Process to identify a permanent CEO will be led by a special committee of board which will consider both internal and external candidates . Board of directors of Staples and Ron Sargent have mutually agreed that he will step down from position of chief executive officer .Sargent will continue to serve as a director and non-executive chairman through company's 2016 fiscal year ending on January 28, 2017.  Full Article

Staples to meet with potential buyers of European operations in coming weeks - conf call
Wednesday, 18 May 2016 09:17am EDT 

Staples Inc : To pay $250 million termination fee to office depot on Thursday - conf call . Expect non-office supplies sales to account for 60 percent of total revenue over next 3 years - conf call . Expect North America to account for 95 percent of total sales over next 3 years - conf call . In coming weeks expect to meet with potential buyers for European operations - conf call .Don't expect top line growth this year - conf call.  Full Article

Staples says to record aggregate losses of about $17 mln-$22 mln during Q3, Q4
Wednesday, 18 May 2016 06:36am EDT 

Staples Inc : During q1, recorded restructuring charges of $11 million primarily related to lease obligations for closed retail stores - sec filing . Expects payments related to employee related liabilities to be substantially completed by end of q1 2017 . Anticipates that payments related to facility lease obligations will be completed by the end of fiscal year 2025 . As a result of the sale of staples printing solutions, the company plans to settle sps's pension obligations and terminate its pension plan .To recognize aggregate losses of about $17 - $22 million during q3, q4 of 2016 as staples printing solutions-related settlements occur.  Full Article

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Staples to sell controlling stake in European unit to Cerberus

Office supplies retailer Staples Inc said it would sell a controlling stake in its European business to private equity firm Cerberus Capital Management LP for 50 million euros ($53.65 million) to focus on its North American operations.