Staples: in line with consensus in Q2.

(CercleFinance.com) - Staples posted Q2 adjusted net income (non-GAAP) from continuing operations of 76 million dollars, meaning EPS that is down 8% at 12 cents, in line with the consensus.


The office supplies distributor saw its adjusted operating margin slip 41 basis points to 3%, with revenues down 3.1% at 3.9 billion dollars (-1.1% like-for-like).

The Boston-based group said it generated cash of 279 million dollars from its operations and spent 89 million dollars on investments, resulting in free cash flow of 190 million dollars.


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