Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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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