Shares of Staples are down almost 4% in pre-market trading Thursday after missing on both earnings and revenue.
The office supplies retailer reported a net loss of $615 million, or $0.94 per share, for the fourth quarter of 2016 against a profit of $86 million, or 20 cents per share, for the same period last year.
Adjusted non-GAAP earnings came in at $0.25 per share, one cent below the consensus estimate.
Total sales stood at $4.6 billion, a drop of 3% from the same period last year, and below the Wall Street estimate of $5 billion.