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Staples Q4 total sales $4.6 billion

Staples   A decrease of three percent

Staples announced the results for its fourth quarter and fiscal year ended January 28, 2017.

Total company sales for the fourth quarter of 2016 were $4.6 billion, a decrease of three percent compared to the fourth quarter of 2015.

On a GAAP basis, the company reported a net loss from continuing operations of $615 million, or $0.94 per share.

Fourth quarter 2016 results from continuing operations include pre-tax charges of $791 million primarily related to goodwill impairment, restructuring costs, and the impairment of long-lived assets.


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