Acco brands q2 same store sales fell 28.3%

Acco brands posts second quarter eps of $0.06 versus $0.35 last year; adjusted eps of $0.12 versus $0.36 in 2019.q2 adjusted earnings per share $0.12.q2 earnings per share $0.06.q2 sales $366.9 million versus refinitiv ibes estimate of $351.9 million.q2 same store sales fell 28.3 percent.q2 earnings per share estimate $0.00 -- refinitiv ibes data.initiated restructuring with $7 million charge.expect global economic conditions will remain challenging for some time.expect to continue to generate strong cash flow for full year.will not be issuing a full year outlook for sales and adjusted earnings per share.reiterating outlook to generate more than $100 million of free cash flow for year.outlook for q3 is a sales decline in a range of 15 percent to 20 percent.outlook for q3 is adjusted earnings per share in a range of $0.13 to $0.19.savings from all cost reduction actions reduced expenses approximately $33 million in q2.actions to curtail employees' and board of directors' pay have been rescinded effective july 1.on an annualized basis, cost reduction actions are expected to deliver an $11 million savings run rate.q3 earnings per share view $0.16 -- refinitiv ibes data.
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