Staples 2015 Annual Report Download - page 76

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72 STAPLES Notice of Annual Meeting of Stockholders
i EXHIBIT A
Reconciliation of GAAP and Non-GAAP Information
Total company sales excluding the impact of changes in foreign currency exchange rates and store closures is a non-GAAP
financial measure. We believe this measure helps management and investors view business results without the impact of
fluctuations in foreign currency exchange rates and store closures, thereby facilitating period-to-period comparisons of Staples’
business performance. To present this information, current period results for entities reporting in currencies other than U.S. dollars
are converted into U.S. dollars at the prior year average monthly exchange rates. See pages B-7 and C-13 of Staples’ 2015
Form 10-K for more detail regarding our store closure program.
STAPLES, INC. AND SUBSIDIARIES
Reconciliation of GAAP to Non-GAAP Sales Growth
(Unaudited)
52 Weeks Ended January 30, 2016
GAAP sales growth (6.4)%
Impact of change in exchange rates (4.2)%
Impact of store closures (1.6)%
Non-GAAP sales growth (0.6)%