Weak trends continue at Staples, shares -7.5%

|About: Staples, Inc. (SPLS)|By:, SA News Editor

Staples (SPLS) reports comparable store sales fell 7% in Q4 on a sharp drop in traffic and slightly lower average order size from customers.

A reduction in store count and tighter product margin rates cut into Staple's profitability.

The company did see double-digit revenue growth for Staples.com.

Guidance for Q1 EPS is set at $0.17-$0.22 vs. $0.27 consensus.

Staples says it will close 225 in North America by the end of 2015.

SPLS -7.5% premarket