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Article: ACCO Brands Corporation Provides Business Update.
- Article from:
- Business Wire
- Article date:
- October 11, 2007
CopyrightCOPYRIGHT 2007 Business Wire. 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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LINCOLNSHIRE, Ill. -- ACCO Brands Corporation (NYSE:ABD):
* Cites Customer Inventory Reductions for Slower Third-Quarter Sales
* Revises 2007 Outlook
ACCO Brands Corporation (NYSE:ABD), a world leader in select categories of branded office products, today provided investors with preliminary information about its third quarter 2007 results, and revised its full-year outlook.
Despite strong sales and earnings growth in July and August, the company experienced double-digit sales declines in September in the United States, and, for the first time this year, in Europe, in its three largest segments.
The company believes ...