Date: Monday November 7, 2005 10:19:00 am
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Max reveals sluggish Q3 sales
NOV.2005
– Itasca (IL): OfficeMax has posted its Q3 results, revealing a loss
due to weak sales and lost revenue from the sale of its paper and
forest products businesses.
The company reported a net loss of $3.9
million, or EPS of $0.07, compared to a profit of $62.2 million, or EPS
of $0.64, a year earlier. Sales fell 37 per cent to $2.29 billion from
$3.65 billion recorded in Q3 2004.
The company said that last years
results included the Boise Building Solutions and Boise Paper Solutions
segments, which it sold in October last year.
‘Max also revealed
that same-store sales were “slightly negative” from last year due to
uneven BTS sales and low growth in most product categories
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