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Staples (Nasdaq: SPLS ) reported earnings on Aug. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 28 (Q2), Staples missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Staples logged revenue of $5.50 billion. The 16 analysts polled by S&P Capital IQ predicted revenue of $5.72 billion on the same basis. GAAP reported sales were 5.5% lower than the prior-year quarter's $5.82 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.18. The 18 earnings estimates compiled by S&P Capital IQ averaged $0.22 per share. GAAP EPS of $0.18 for Q2 were 28% lower than the prior-year quarter's $0.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.0%, 50 basis points worse than the prior-year quarter. Operating margin was 4.0%, 80 basis points worse than the prior-year quarter. Net margin was 2.2%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $6.55 billion. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $25.04 billion. The average EPS estimate is $1.38.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 948 members out of 1,029 rating the stock outperform, and 81 members rating it underperform. Among 287 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 264 give Staples a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Staples is hold, with an average price target of $16.25.
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