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Office Depot Q3 sales $4.1 billion

Staff writer ▼ | November 5, 2014
Office Depot announced results for the third quarter and nine months ended September 27, 2014. Total reported sales for the third quarter of 2014 were $4.1 billion.
Office Depot
Good quarter   Jump from $2.6 billion
Office Depot's reported results for the third quarter and nine months ended September 27, 2014 include the financial results from OfficeMax, whereas prior year reported results include only Office Depot.

Total reported sales for the third quarter of 2014 were $4.1 billion compared to $2.6 billion in the third quarter of 2013, reflecting the inclusion of OfficeMax sales in 2014, and were 3% lower than combined pro forma sales of $4.2 billion in the third quarter of the prior year.

In the third quarter of 2014, Office Depot reported operating income was $49 million and net income available to common stockholders was $29 million, or $0.05 per share.

In the third quarter of 2013, the reported operating loss was $52 million and net income available to common stockholders, which included the gain on sale of the Office Depot de Mexico joint venture, was $133 million, or $0.41 per diluted share.

Adjusted (non-GAAP) operating income for the third quarter of 2014 was $126 million compared to combined pro forma adjusted operating income of $62 million in the third quarter of 2013.

Adjusted (non-GAAP) net income attributable to common stockholders for the third quarter of 2014 was $52 million, or $0.10 cents per share, compared to combined pro forma adjusted net income of $27 million, or $0.05 cents per share, in the third quarter of 2013.


 

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