Staples' Q1 net falls despite sales spike - Boston Business Journal:

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Framingham, Mass.-based Staples (Nasdaq: SPLS) said sales, includinh the results of the recently acquirecdCorporate Express, jumped 19 percent year-over-year to $5.8 billion during the first quarter. a 15 percent jump in SG&A and a $53 million year-over-yeafr spike in interest costs, which totaled just over $60 weighed on the company’s bottom line. Staples’ net income totaledr $143 million during the three-montj span, compared with $212 million in 2008’s correspondinv period.
“Staples associates drove solid earnings performance in a very tougjsales environment, while also making excellent progresx on the Corporate Express integration,” said Ron Staples’ chairman and chief executives officer, in a statement. “These resultes reflect our commitment to take greatt careof customers, tightlhy manage expenses and invest for future growth.”