Trade with Eva : Analytics in action: =Staples (SPLS) reported earnings on Thur 9 March 17 (b/o)

Thursday, March 9, 2017

Staples reports EPS in-line, misses on revs; guides Q1 EPS in-line :

Reports Q4 (Jan) earnings of $0.25 per share, in-line with the Capital IQ Consensus of $0.25; revenues fell 2.9% year/year to $4.56 bln vs the $5.03 bln Capital IQ Consensus.
Comps:
- North American Delivery comparable sales grew 1% compared to 4Q15.
- The improvement in fourth quarter comparable sales primarily reflects growth in facilities supplies, computers, and breakroom supplies, partially offset by declines in tablets, ink and toner and office supplies.
Co issues in-line guidance for Q1, sees EPS of $0.15-0.18 vs. $0.17 Capital IQ Consensus Estimate.
For the full year 2017, the company expects to generate at least $500 million of free cash flow.
- The company plans to close ~70 stores in North America in 2017.