- Office Depot (NASDAQ:ODP -2.3%) says the extended regulatory process ahead of its merger with Staples is having a "substantial disruptive" impact on business levels.
- Same-store sales in the North American retail division were down 1%.
- Adjusted operating income rate fell 30 bps to 3.2% of sales during the quarter.
- On the issue of the FTC legal battle, CEO Roland Smith says a decision from the judge in the case is expected before May 10.
- Previously: Office Depot misses by $0.02, misses on revenue (April 26)