Staples Inc. Announces Third Quarter 2013 Performance
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Outlook
The company expects full year 2013 sales to decrease in the low single-digits compared to 2012 sales on a 52-week basis of $23.9 billion. The company expects full year 2013 non-GAAP diluted earnings per share from continuing operations to be in the range of $1.21 to $1.25. The company's full year non-GAAP diluted earnings per share estimate excludes the charges incurred during the third quarter of 2013 related to severance expense and other associated restructuring activities. The company expects to generate more than $900 million of free cash flow and plans to continue repurchasing its common stock through open-market purchases during 2013.
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