OFFICE-MAX REVEALS SLUGGISH 3RD Q. SALES

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OFFICE-MAX REVEALS SLUGGISH 3RD Q. SALES

 user 2005-11-07 at 10:19:00 am Views: 51
  • #14519

    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