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Office Depot Increases 4th-Quarter Profit

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Office Depot, Inc. has reported fourth-quarter earnings of US$80 million, or $0.15 per share, up from $15 million, or $0.03 per share, one year earlier.

Office Depot’s quarterly sales decreased 2 percent year-on-year to $2.73 billion. The company’s North American business solutions division reported fourth-quarter sales of $1.4 billion.

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About Office Depot
Founded in 1986, Office Depot, Inc. is a Boca Raton, FL-based global distributor of workplace products and office supplies. For more information, visit www.officedepot.com.