Staples’ Q4 Profit Up 19%
Framingham, Mass. — Improved customer service and strong execution helped Staples drive double-digit sales and profit gains for its fiscal fourth quarter and full year.
Los Angeles — Gemstar-TV Guide nudged out a small $1.6 million profit for its fourth quarter, but this could not offset the $94.5 million loss posted by the company for 2004.
Mooresville, N.C. — Lowe’s, the second-largest home improvement chain and No. 2 majap merchant, said net earnings for its fiscal fourth quarter rose 26.7 percent to $508 million, thanks to new store openings and robust white-goods sales.
Atlanta — In-store enhancements and expansions of its core major appliance business helped propel The Home Depot’s sales and earnings for its fiscal fourth quarter and full year.
Chicago — Cobra Electronics posted strong fourth-quarter and year-end sales and profit numbers, the company reported last week..