LONDON, April 6, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free earnings review on Staples Inc. (NASDAQ: SPLS). On March 06, 2015, the company announced its financial results for Q4 FY14 and full year FY14 (period ended January 31, 2015). Click on http://get.Investor-Edge.com/pdf/?c=Staples&d=06-Apr-2015&s=SPLS to read our free earnings review on Staples Inc. (Staples). During Q4 FY14 and FY14, the company's total sales were $5.66 billion and $22.49 billion, respectively. Chairman and CEO, Ronald L. Sargent, stated that during Q4 FY14, the company achieved strong sales growth in its North American delivery businesses, further optimized its retail store network, and improved profitability in its International business. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=Staples&d=06-Apr-2015&s=SPLS
Earnings Overview
During Q4 FY14, Staples' total sales declined 3.7% Y-o-Y from $5.87 billion in Q4 FY13. The company's Q4 FY14 total sales missed Bloomberg analysts' forecasts of $5.76 billion. Staples' North American Stores and Online sales fell 6.9% Y-o-Y to $2.70 billion and its International Operations sales declined 11.1% Y-o-Y to $898.44 million in Q4 FY14. However, Staples' Q4 FY14 North American Commercial sales grew 4.9% Y-o-Y to $2.06 billion. Free research on SPLS can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=Staples&d=06-Apr-2015&s=SPLS
For Q4 FY14, Staples' reported GAAP operating loss of $196.52 million compared to GAAP operating income of $338.11 million in Q4 FY13. GAAP net loss attributed to Staples stood at $260.35 million, or $0.41 loss per diluted share, in Q4 FY14 compared to GAAP net income attributed to Staples of $212.38 million, or $0.33 per diluted share, in Q4 FY13. Analysts from Bloomberg had expected the company to report GAAP net income attributed to Staples of $148.50 million, or $0.23 per diluted share, in Q4 FY14. The company reported non-GAAP net income of $198 million, or $0.31 per diluted share, in Q4 FY14 compared to $212 million, or $0.33 per diluted share, in Q4 FY13.
In FY14, Staples' total sales fell by 2.7% Y-o-Y from $23.11 billion in FY13. The company's total sales slightly missed Bloomberg analysts' forecasts of $22.57 billion in FY14. During FY14, Staples' North American Stores and Online sales declined 5.9% Y-o-Y to $10.45 billion and its International Operations sales fell 5.0% Y-o-Y to $3.77 billion. However, Staples' North American Commercial sales grew 2.8% Y-o-Y to $8.27 billion in FY14.
For FY14, Staples' GAAP operating income came in at $309.87 million compared to $1.18 billion in FY13. In FY14, GAAP net income from attributed to Staples stood at $134.53 million, or $0.21 per diluted share, compared to $620.07 million, or $0.94 per diluted share, in FY13. Analysts from Bloomberg had expected the company to report GAAP net income attributed to Staples of $544.00 million, or $0.84 per diluted share, in FY14. Furthermore, Staples' non-GAAP net income from continuing operations was $623 million, or $0.96 per diluted share, in FY14, compared to $761 million, or $1.16 per diluted share, in FY13. Sign up and read the free analyst's notes on SPLS at:
http://get.Investor-Edge.com/pdf/?c=Staples&d=06-Apr-2015&s=SPLS
During FY14, Staples generated free cash flow of $682.07 million compared to $737.06 million in FY13. Additionally, the company utilized free cash flow to repurchase 15 million shares for $189 million and returned $307 million to shareholders through cash dividends in FY14.
For Q1 FY15, Staples expects sales to decrease versus Q1 FY14. The company anticipates to achieve fully diluted non-GAAP EPS in the range of $0.16 to $0.18 in Q1 FY15. This guidance excludes any potential impact on EPS related to restructuring and other related activities or costs linked to the company's planned acquisition of Office Depot. Furthermore, for full-year FY15, Staples expects to generate more than $600 million of free cash flow.
Stock Performance
On the day of the earnings release, March 06, 2015, Staples' stock lost 2.73% to end the session at $16.05. Since then, the stock has witnessed a mixed momentum. On the last close, Thursday, April 02, 2015, shares of the company finished at $16.23, down 1.10%, after vacillating between $16.14 and $16.40. A total of 5.89 million shares were traded which was below their three months average volume of 10.91 million shares. Over the last one month and the previous three months, the company's shares have lost 2.17% and 7.84%, respectively. However, the stock has surged 33.47% in the past one year. Visit Investor-Edge and access the latest research on SPLS at:
http://get.Investor-Edge.com/pdf/?c=Staples&d=06-Apr-2015&s=SPLS
Sneak Peek to Corporate Insider Trading
In the last one month, there were 5 insider transactions made by 5 individuals. Between March 05, 2015 and March 06, 2015, a total of 29,683 shares have been sold at an average price of $16.43 per share and for a total value of $487,689. The following are some of the transactions during the aforementioned period: Ronald L. Sargent and Joseph G. Doody, Vice Chairman of Staples, disposed 15,367 and 3,708 shares, respectively, at an average price of $16.50 per share; and Justin King, Director at Staples, sold 4,624 shares at an average price of $16.05 per share. Complimentary in-depth research on SPLS is available at:
http://get.Investor-Edge.com/pdf/?c=Staples&d=06-Apr-2015&s=SPLS
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