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Staples’ Profits Jump Despite European Pinch

Framingham-based office retailer Staples Inc. was able to weather a big drop in same-store sales in Europe as profits rose 13 percent to $326 million in the third quarter compared to last year.

Meanwhile, company-wide revenues were basically flat, at $6.6 billion.

Same-store sales were off 12 percent in Europe, the company said, with overall international sales off 1.9 percent to $1.3 billion.

“International results were weaker than expected as tight expense management was more than offset by very challenging top-line trends,” said company chairman and CEO Ron Sargent.

Through the first three quarters of the year, the company collected a $701 million profit on $18.56 billion in sales.

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