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Post# of 363731
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nlightn

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nlightn

Re: None

Tuesday, 05/05/2015 7:01:54 AM

Tuesday, May 05, 2015 7:01:54 AM

Post# of 363731
$ODP,...Sales fall at Office Depot in Q1 amid store closings

Office Depot reports retail sales in its North American division fell 9% to $1.7B in Q1 amid a period of store closings.

Comps sales were off 2% Y/Y.

International sales fell 20% (7% ex-currency).

Gross profit margin rate -90 bps to 24.2%.

Adjusted operating margin rate +190 bps to 3.5%.

The company says the merger with Staples is on track and expected to close by the end of the year.

invest at your own risk, based on your own due diligence, at your own risk tolerance

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