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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