Seeking Alpha

More on Office Depot's Q4

  • Office Depot (ODP) announces same-store sales fell 4% in North America during Q4 on lower store traffic.
  • The gross profit margin rate for the period came in at 22.6% compared to 23.1% a year ago. Margins in North America dropped off faster than they did in Europe as promotions and pricing kicked in.
  • The company raises its estimate for annual synergies created after the merger with OfficeMax to $600M.
  • ODP -1.9% premarket

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Comments (1)
  • burtslaw
    , contributor
    Comment (1) | Send Message
     
    How long do you think 600 million will last if your Sales and Gross Margin are going down each quarter.
    25 Feb 2014, 08:32 AM Reply Like
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