This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Staples, Inc. Announces Fourth Quarter And Full Year 2012 Performance

For the full year 2012, North American Commercial achieved sales of $8.1 billion, an increase of two percent, and approximately flat excluding the extra week, compared to 2011. Full year 2012 operating income rate increased 10 basis points to 8.39 percent versus 2011.

International Operations
  Fourth Quarter   Full Year
(dollar amounts in millions) 2012   2011   Change 2012   2011   Change
Sales $1,168 $1,215 (3.9%) $4,444 $4,948 (10.2%)
Sales excluding the 53rd week in 2012* $1,087 $1,215 (10.5%) $4,363 $4,948 (11.8%)
Operating (loss) income $6 $32 ($26) ($21) $103 ($124)
Operating (loss) income rate   0.5%   2.7%   (215 basis points)   (0.5%)   2.1%   (256 basis points)

*Indicates a non-GAAP measure. Refer to “Presentation of Non-GAAP Information” and the accompanying reconciliations for more detailed information about this non-GAAP measure.

Sales in International Operations for the fourth quarter were $1.2 billion, a decrease of four percent in U.S. dollars, as well as on a local currency basis, compared to the fourth quarter of 2011. These results reflect weak sales in Australia and Europe, partially offset by $81 million of sales during the extra week in 2012. Comparable store sales in Europe declined nine percent with lower traffic driving the majority of the decline versus the prior year. Excluding the extra week of sales in 2012, sales in International Operations for the fourth quarter decreased 11 percent compared to the fourth quarter of 2011. Operating income rate decreased 215 basis points to 0.51 percent compared to the fourth quarter of 2011. Excluding $4 million of accelerated Australia tradename amortization during the fourth quarter, operating income rate decreased 177 basis points to 0.89 percent compared to the prior year. This decline primarily reflects lower product margin in Europe and deleverage of fixed expenses in Europe and Australia, partially offset by savings related to headcount reductions in Europe and Australia. During the fourth quarter of 2012, the company closed 46 stores in Europe.

5 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs