Staples Inc. said Tuesday its first-quarter profit rose nearly 27 percent, boosted by strong growth in its delivery business and a smaller gain in North American retail operations.
The office products company said net income for the February-April period rose to $159.4 million from $125.7 million in the same quarter a year ago, with sales rising 13 percent to $3.9 billion from $3.45 billion.
Adjusting for the effects of a three-for-two stock split that took effect on April 15, last quarter’s profit equaled 21 cents per share, compared with 17 cents per share a year ago.
