Staples earnings per share plummet 15 percent
Published August 19, 2008 by CSBJ Staff
Americans are eating out less, purchasing less clothing and, apparently, fewer office supplies, too.
Staples Inc. representative said the office supply company’s second-quarter results would be weaker than anticipated because American consumers have pulled back on spending.
The Framingham, Mass.-based office supply company said revenue rose about 3 percent and earnings per share fell about 15 during the quarter, compared to a year ago.
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