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Home > Fortune 500 Companies > Staples Inc
Staples Inc
Staples Inc. is a publicly traded company having a good stock performance result. The Company is a fortune 500 stock listed company trading under the symbol SPLS. Staples, Inc. was founded by Tom Stemberg and Leo Kahn in 1985 and is based in Framingham, Massachusetts.
Staples, Inc. and its subsidiaries distribute office products in North America and internationally. The company offers business machines, computers and related products, and office furniture. It also offers an array of services, including high-speed, color and self-service copying, other printing services, faxing, and pack and ship services. As of July 30, 2005, the company operated 1,716 superstores.
With 69,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2005 sales of 16.1 billion dollars, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 21 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates approximately 1,780 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses.
Staples, Inc. announced the results for its fourth quarter and fiscal year ended January 28, 2006. Total company sales for the fourth quarter grew nine percent to 4.5 billion dollars compared to the same quarter of 2004. North American Retail revenues increased eight percent and same store sales rose three percent versus last year. North American Delivery sales increased 18 percent. International sales grew nine percent in local currency and were flat in US dollars. Total company net income of 290 million dollars rose 15 percent, and earnings per share of 0.39 dollar on a diluted basis, rose 18 percent compared to the fourth quarter of 2004.
For fiscal year 2005, sales reached 16.1 billion dollars an 11 percent increase compared to 2004. Full year North American Retail sales rose nine percent and comparable store sales increased three percent. North American Delivery revenues increased 18 percent. International sales rose 10 percent in local currency or nine percent in US dollars. The company reported 2005 net income of 834 million dollars, an 18 percent increase versus last year. Earnings per share of 1.12 dollars on a diluted basis, rose 20 percent versus 2004.
With the past performance of the company in mind and the expertise and dedication of the management and staff the company is expected go to far greater heights in the near future.
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