Staples Sales Rise 5% for Quarter

Share this article:
Staples Inc. posted net income of $60 million for the fiscal second quarter ended Aug. 3 while sales rose 5 percent to $2.43 billion from $2.31 billion in the same period last year, the Framingham, MA, company said yesterday.


In the North American Retail business, sales in the quarter totaled $1.46 billion, up 2 percent from last year. Business unit income reached $46 million, a 14 percent increase.


Staples North American Delivery reported second fiscal quarter sales of $781 million, up 8 percent. Business unit income totaled $57 million, a 22 percent increase.


Contract account acquisition efforts resulted in 11 percent sales growth with the addition of 2,600 accounts in the quarter. Staples Business Delivery increased sales 4 percent. Quill produced 7 percent sales growth in the quarter.


On July 17, Staples closed the previously announced acquisition of Medical Arts Press, a direct marketer of specialized printed office products and practice-related supplies for medical offices.


This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions