- 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
at CNBC.com (Nov 18, 2014)