Tuesday, August 15, 2006
Staples Inc. said today that its second-quarter profit rose 19 percent amid a modest rebound from its recent slow sales growth in North America.
Framingham-based Staples, the nation's biggest office products seller, reported net income for the May-July period of $161.2 million, or 22 cents per share. That compared with $135.2 million, or 18 cents per share, in last year's second quarter.
Revenue rose 12 percent to $3.88 billion from $3.47 billion a year ago, the company said. Shares of Staples were up 52 cents, or 2.2 percent, at $24.05 in morning Nasdaq trading.