Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Office Depot Reports Q4, Full-Year Results
Feb 11, 2005
 Printable format
 Email this Article
 Search

Business appliance retailer Office Depot, Inc. announced fourth quarter and year-end results for the fiscal period ended Dec, 25, 2004.

Total sales for the fourth quarter grew 7 percent to U.S. $3.5 billion compared to the fourth quarter of 2003. Worldwide comparable sales increased 2 percent for the fourth quarter of 2004.

For the full-year period, total sales for fiscal 2004 grew 10 percent to $13.6 billion compared to the same period of 2003. Worldwide comparable sales increased 1 percent for the full year 2004. Net earnings for 2004 were $338.2 million.

Office Depot reported that North American Retail sales increased 8 percent for the fourth quarter and 5 percent for the full year compared to the same periods in 2003. 2004 comparable store sales increased 4 percent for the fourth quarter and 3 percent for the full year.

Office Depot continued to expand its store base during the fourth quarter by opening 52 new stores, relocating two stores and closing six under-performing stores. For the year, a total of 69 net new stores were opened in North America. At the end of fiscal 2004, Office Depot operated a total of 969 office product superstores throughout the U.S. and Canada.

Sales in the International Group increased 9 percent in U.S. dollars (but remained flat in local currencies) in the fourth quarter, and increased 30 percent (21 percent in local currencies) for the full year compared to the same periods in 2003. Sales in 2004 include a full 12 months of Guilbert operations, while the prior period includes operations only from the acquisition date of June 2, 2003.

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows