August 21, 2001, 12:00 AM

Staples.com’s 2nd quarter revenue hits a record $234 million

Revenues at Staples.com, StaplesLink.com, BusinessDepot.com and Quill.com, reached $234 million in the second quarter, up 144% over last year. Staples.com achieved profitability with net income of $5 million for the quarter.

E-commerce revenues for Staples Inc., including Staples.com, StaplesLink.com, BusinessDepot.com and Quill.com, reached $234 million in the second quarter, up 144% over last year’s $162.5 million, the company reported today. Staples.com achieved profitability with net income of $5 million for the quarter, the company said.

“We`re pleased to report that Staples.com again outperformed expectations, and reached the significant milestone of profitability for the first time this quarter, 18 months ahead of our original expectations, and six months ahead of more recent projections," said Staples Chairman and CEO Thomas G. Stemberg.

Staples reported sales of $2.3 billion for the second quarter, which ended August 4, a 5% increase over the $2.2 billion reported for the same period last year. The company recorded net income for the quarter of $40.35 million compared with $42.56 million for the same period last year. Overall comparable sales for the quarter were flat, with retail comparable sales down 3 percent.

 

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