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

From other sites
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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs