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Before Friday’s opening bell, office supply retailer Staples (SPLS) slipped to a loss for the fourth quarter, but beat analysts’ EPS estimates on an adjusted basis.
The company’s chairman and CEO Ron Sargent commented: “During the fourth quarter we achieved strong sales growth in our North American delivery businesses, further optimized our retail store network, and improved profitability in our International business.”
Staples will pay its next 12 cent dividend on April 16. The stock is going ex-dividend on March 25.
Shares of SPLS were down 18 cents, or 1.09% during premarket trading Friday. The stock is down 8.94% YTD.