August 17, 2011
Staples Boosts Profits By 36%
By Rick Saia
Framingham-based Staples Inc. posted a 36 percent increase in profit during its second quarter, along with a 5.2 percent jump in sales.
The company reported sales of $5.8 billion during the quarter, which ended July 30. That's up from $5.5 billion in the same quarter in 2010.
Profit, meanwhile, rose to $176 million from $130 million. Diluted earnings per share also jumped to $0.25 from $0.18.
International sales played a big part in the sales increase. Revenue from abroad rose 15.2 percent, as measured in dollars.
Sales also rose in the United States, but by a much lower 1.7 percent.
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