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What: Office supply retail chain Staples
So what: For the quarter, Staples reported a profit of $0.41 per share, meeting analysts' expectations, while clocking in with a modest 2% rise in total revenue. Its North American market saw same-store sales increase 2%, with domestic delivery revenue also up 2%. Overseas revenue was a disappointment with European same-store sales dropping 9%.
Now what: Today's results are clearly disappointing, especially given that peers OfficeMax
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Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong. The Motley Fool owns shares of Staples. Motley Fool newsletter services have recommended buying shares of Staples. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.