//-->
Associated Press
Office Depot 1Q Profit Rises 20 Percent
Associated Press 04.26.07,
8:51 AM ET
Office supplies and services retailer Office Depot Inc. said Thursday its first-quarter profit rose 20 percent, boosted by a jump in international sales and some modest growth in North America.
Quarterly earnings increased to $155.8 million, or 56 cents per share, from $129.5 million, or 43 cents per share during the same period last year. Revenue grew 7 percent to $4.09 billion from $3.82 billion.
"We are pleased that we have a business model that generates profitable growth even in a challenging quarter," Steve Odland, the company's chairman and CEO, said in a statement.
Analysts polled by Thomson Financial forecast a profit of 59 cents per share on revenue of $4.16 billion.
The company said international sales rose 21 percent, fueled by new accounts and greater sales to existing customers within the division's contract business.
Sales in North America, however, grew at a more moderate pace of 3 percent. Office Depot
(nyse:
ODP (Related) -
news
(Related) -
people
(Related) ) said the launch of the Microsoft
(nasdaq:
MSFT (Related) -
news
(Related) -
people
(Related) ) Windows Vista operating system, while its inventories of personal computers were low, depressed results early in the quarter. Weaker spending by small business customers pressured returns later in the period, the company said.
"Sales in the second quarter may be similarly affected if the current business conditions persist in North America," Odland said. "However, we will continue to manage our business to optimize profitable growth."
Copyright 2007 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
Article Controls
');
//-->
News Headlines (Related) |
More From Forbes.com (Related) |
Special Reports (Related)
Subscriptions > (Related) Subscriptions >
Subscribe To Newsletters (Related) Subscribe To NewslettersSubscriber Customer Service (Related) Subscriber Customer Service
ADVERTISEMENT Related Business TopicsStarting A Small Business (Related) Small Business Loans (Related)
Trading Center
Brought to you by the sponsors below
CEO Book Club Book Review
Jazz Mecca Still Swings (Related)
Book Review
The Sound Of Silence (Related) The Sound Of Silence
Having trouble managing your business? Maybe you talk too much.
Wine Club Auto Insurance Quotes Car Insurance Quotes Credit Card Processing Credit Cards Ecommerce Hosting Health Insurance Leads Home Loans Home Mortgage Loan Life Insurance Leads Life Insurance Quotes Merchant Account Mortgage Leads Mortgage Lenders Mortgage Loans Online Colleges Online Degrees Online Education Online Universities Real Estate Refinance Mortgage Student Loans Wrongful Death Attorney Business Loans Debt Consolidation Loan Health Insurance Quotes Medical Malpractice Lawyer Mesothelioma Attorney Mortgage Mortgage Calculator Restaurant LoansWine Club (Related) Auto Insurance Quotes (Related) Car Insurance Quotes (Related) Credit Card Processing (Related) Credit Cards (Related) Ecommerce Hosting (Related) Health Insurance Leads (Related) Home Loans (Related) Home Mortgage Loan (Related) Life Insurance Leads (Related) Life Insurance Quotes (Related) Merchant Account (Related) Mortgage Leads (Related) Mortgage Lenders (Related) Mortgage Loans (Related) Online Colleges (Related) Online Degrees (Related) Online Education (Related) Online Universities (Related) Real Estate (Related) Refinance Mortgage (Related) Student Loans (Related) Wrongful Death Attorney (Related) Business Loans (Related) Debt Consolidation Loan (Related) Health Insurance Quotes (Related) Medical Malpractice Lawyer (Related) Mesothelioma Attorney (Related) Mortgage (Related) Mortgage Calculator (Related) Restaurant Loans (Related)
Luxury Cars (Related)
Luxury Travel (Related)
Oracle DBA by (Related)
No comments:
Post a Comment