>>> Staples reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs below


Staples reports EPS in-line, revs in-line; guides Q3 EPS in-line, revs below consensus
Reports Q2 (Jul) earnings of $0.12 per share, in-line with the Capital IQ Consensus Estimate of $0.12; revenues fell 5.4% year/year to $4.94 bln vs the $4.96 bln consensus.
  • Total Comparable sales (includes comparable store sales and Staples.com sales): -2%
    • Comparable store sales: -3%
    • Staples.com local currency sales growth: +1%
Guidance
  • Co issues mixed guidance for Q3, sees EPS of $0.33-0.36 vs. $0.35 Capital IQ Consensus Estimate
  • Co sees Q3 revs of decrease vs 3Q14 of $5.66 bln vs. $5.73 bln Capital IQ Consensus Estimate.
  • The company's guidance reflects a sequential increase in the unfavorable impact of the stronger U.S. dollar on sales and earnings.