Traffic and margins slide at Staples, shares -9.5% early

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

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.