Business
Staples announces Q2 performance
FRAMINGHAM, Mass. — Staples, Inc. (Nasdaq: SPLS) announced Tuesday the results for its second quarter ending Aug. 1. Total company sales increased nine percent to $5.5 billion compared to second quarter 2008 sales of $5.1 billion, which included $673 million of Corporate Express sales for the month of July 2008.
For the second quarter of 2009, on a GAAP basis, net income attributed to Staples, Inc. declined 38 percent year over year to $92 million, and diluted earnings per share decreased 38 percent to $0.13, from the $0.21 achieved in the second quarter of last year.
The company recorded pre-tax integration and restructuring expense of $30 million during the second quarter. Excluding the impact of this expense, adjusted earnings per share on a diluted basis were $0.16, a decrease of 24 percent from the second quarter of 2008.
“Staples generated record cash flow, as our team did an outstanding job managing expenses and working capital during the second quarter,” said Ron Sargent, Staples’ chairman and chief executive officer. “We’re winning in each of our businesses by providing excellent customer service and continuing to invest in growth initiatives.”
- Business
-
-
TRANSFERS: March 8-13
March 8:
Chartland LLC, two tracts on Elmo Road, to William H. and Pamela J. Wentworth Arnold.
PBI Bank Inc., 1.123 acres on Morrison Park Road, to Bridget Harper, $57. -
Allen named store manager at Hartland
Hartland Equipment has announced that Neil Allen has been named store manager in Glasgow.
- KAHC picks Quinn
-
TRANSFERS: March 1-6
March 1:
Homesales Inc., two tracts on Flint Knob Road, to Terry and Sheryl Foster, $50. -
TRANSFERS: Feb. 18-27
Feb. 18:
Lonnie M., Michael Sr., Deborah M., Rhonda Jill and Gary L. Gravens and Walter Winn Davis, trustee, 1.526 acres on Jordan Road, to Lonnie M. and Deborah M. Gravens and Walter Winn Davis, trustee. - Building Permits: February, 2010
-
TRANSFERS: Feb. 8-12
Feb. 8:
Marjorie A. and Curtis J. Shelley Jr., 0.581 acre on Harold Bishop Road, to Charlie C. Thomas, $80. -
TRANSFERS: Feb. 1-6
Feb. 1:
Lisa and Joseph Bulhoes, Unit Week 18, Stevenson Building in Park Place Resorts, to MHC Diamond Caverns LLC.
-
TRANSFERS: Jan. 25-29
Jan. 25:
Everette L. and Nancy G. Varney, Unit Week 47, Unit S-5 in Hideaway Hills, to Marcus Family Vacations LLC, $0.50.
Madison Smith Machine and Tool Co., 1.592 acres on Oak Street, to Southern States Glasgow Cooperative, $950.
-
BUILDING PERMITS: Jan. 4
Jan. 4:
Chris Neitzel, 116 Ashwood Lane, building and electrical permits for new residence.
Glasgow Graded School, 311 S. Liberty St., demolition permit.
- More Business Headlines
-
TRANSFERS: March 8-13
