Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $16.11 USD
Change Today +0.095 / 0.59%
Volume 5.6M
SPLS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

staples inc (SPLS) Key Developments

Staples, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended January 31, 2015; Announces Impairment of Goodwill and Long-Lived Assets; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Staples, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended January 31, 2015. Total company sales for the fourth quarter of 2014 were $5.7 billion, a decrease of 4% compared to $5.87 billion the fourth quarter of 2013. Fourth quarter 2014 results on a GAAP basis include $410 million of pre-tax charges for the impairment of goodwill in the company's Australia, China, and South America businesses, as well as $74 million of pre-tax restructuring and other charges. Total company sales grew 1% during the fourth quarter, excluding the impact of store closures in North America during the past year and changes in foreign exchange rates. Excluding the impact of charges taken during the fourth quarter of 2014, the company reported non-GAAP net income of $198 million, or $0.31 per diluted share. Operating loss was $196,519,000 against income of $338,111,000 for the same period of last year. Loss from continuing operations before income taxes was $205,811,000 against income of $314,641,000 for the same period of last year. Loss from continuing operations was $260,352,000 against income of $212,383,000 for the same period of last year. Net loss attributed to the company was $260,352,000 against income of $212,383,000 for the same period of last year. Diluted loss per common share from continuing operations was $0.41 against income of $0.33 for the same period of last year. Diluted loss per common share was $0.41 against income of $0.33 for the same period of last year. For the year, sales were $22,492,360,000 against $23,114,263,000 for the same period of last year. Operating income was $309,866,000 against $1,177,501,000 for the same period of last year. Income from continuing operations before income taxes was $268,135,000 against $1,062,805,000 for the same period of last year. Income from continuing operations was $134,526,000 against $707,004,000 for the same period of last year. Net income attributed to the company was $134,526,000 against $620,069,000 for the same period of last year. Diluted earnings per common share from continuing operations were $0.21 against $1.07 for the same period of last year. Diluted earnings per common share were $0.21 against $0.94 for the same period of last year. Net cash provided by operating activities was $1,042,938,000 against $1,108,286,000 for the same period of last year. Acquisition of property and equipment was $360,866,000 against $371,229,000 for the same period of last year. For the quarter, the company announced impairment of goodwill and long-lived assets of $433,689,000. For the first quarter of 2015, the company expects sales to decrease versus the first quarter of 2014. The company expects to achieve fully diluted non-GAAP earnings per share in the range of $0.16 to $0.18 for the first quarter of 2015. This guidance excludes any potential impact on earnings per share related to restructuring and other related activities or costs related to the company’s planned acquisition of Office Depot. The company expects to record pre-tax charges in the range of $15 million to $40 million associated with restructuring and other related activities during the first quarter of 2015. For the full year 2015, the company expects to generate more than $600 million of free cash flow.\.

Staples, Inc. Declares Quarterly Cash Dividend, Payable on April 16, 2015

Staples, Inc. announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.12 per share. The dividend is payable on April 16, 2015, to shareholders of record on March 27, 2015.

Staples, Inc. Presents at 7th Annual Spring Consumer Conference, Mar-25-2015

Staples, Inc. Presents at 7th Annual Spring Consumer Conference, Mar-25-2015 . Venue: The InterContinental Hotel New York Times Square, 300 West 44th Street at Eight Avenue, New York, New York, United States.

Staples, Inc. Closing Oak Creek Facility, Eliminating 53 Jobs

Staples Inc. announced that more than 50 workers will lose their jobs as the company's facility closes in Oak Creek. Over a roughly two-week period starting in April, 53 managers and associates will be terminated.

Staples, Inc. Enters into Senior Secured Term Loan Facility and Asset Based Revolving Credit Facility

Staples, Inc. announced that in connection with the merger agreement, the company entered into a debt commitment letter, dated as of February 4, 2015, with Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPFS) and Barclays Bank PLC (Barclays and together with Bank of America and MLPFS, collectively, the commitment parties), pursuant to which, among other things, the commitment parties have committed to provide the company with a senior secured term loan facility in an aggregate principal amount of $2,750,000,000 (term facility) and an asset based revolving credit facility in an aggregate principal amount of up to $3,000,000,000 (ABL facility) to finance, in part, the acquisition of Office Depot. The ABL facility will be secured by a first-priority security interest in the company's receivables, inventory and certain other general intangibles and investment property and a second-priority interest in substantially all the remaining assets of the company, including certain real property (term collateral). The term facility will be secured by a first-priority security interest in the term collateral and a second-priority interest in the ABL collateral. Availability under the ABL facility will be subject to a borrowing base derived from the ABL collateral. The financing, together with the company's cash on hand, will be sufficient to finance the aggregate cash consideration to Office Depot's stockholders and associated fees and expenses and to refinance certain existing company and Office Depot debt. Pursuant to the merger agreement, Office Depot has agreed to use reasonable best efforts to provide cooperation to the company in connection with the financing. The financing would replace the company's existing revolving credit facility.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SPLS:US $16.11 USD +0.095

SPLS Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Delhaize Group SA €82.75 EUR +0.17
Genuine Parts Co $92.93 USD +0.60
Office Depot Inc $9.24 USD +0.01
Publix Super Markets Inc $20.00 USD 0.00
Rite Aid Corp $8.57 USD +0.37
View Industry Companies
 

Industry Analysis

SPLS

Industry Average

Valuation SPLS Industry Range
Price/Earnings 77.4x
Price/Sales 0.5x
Price/Book 1.9x
Price/Cash Flow 52.6x
TEV/Sales 0.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact STAPLES INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.