Staples (SPLS) reports comparable-store sales fell 4% in Q1.
Store traffic was also down 4% for the period.
The company's operating income rate dived 270 bps to 3.5%.
Segment revenue growth: North American Stores and Online -4.9% to $2.63B; North American Commercial +0.7% to $2.06B; International Operations -3.9% to $964M.
Guidance for Q2 EPS is set by Staples at $0.09-$0.14 vs. $0.15 consensus.
SPLS -9.5% premarket to $12.09.