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Article: Office Depot profit more than doubles in 4th quarter.
- Article from:
- South Florida Sun-Sentinel (Fort Lauderdale, FL)
- Article date:
- February 16, 2006
CopyrightCOPYRIGHT 2006 South Florida Sun-Sentinal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jaclyn Giovis
Feb. 16--Thanks in part to an unusually strong holiday season, Office Depot, Inc., the nation's second largest office supply retailer, saw fourth quarter profits more than double compared with the same period last year.
The Delray Beach-based office supply retailer announced Wednesday that profits for the quarter jumped to $106 million, compared with $52 million in the fourth quarter of 2004. Diluted earnings per share were 34 cents per share versus 17 cents per share in last year's fourth quarter. Results were impacted by one-time charges, the company said.
Office Depot's North American retail division reported its eighth ...