Office Depot E-Commerce Sales Are Up in Q3

Share this article:
Contract and e-commerce sales at Office Depot's Business Services Group are up in the third quarter, though the company's North American catalog business has remained soft, the company said yesterday in announcing expectations for the third quarter, which ends Sept. 28.


"We are projecting total BSG sales growth in line with our mid single digit guidance, up sequentially over the second quarter," said Chairman/CEO Bruce Nelson. "BSG gross selling margins are in line for the quarter; and on the operating cost side, we continue to see the planned improvements in quality and efficiency."


Nelson said that the company is "still comfortable with the current earnings consensus of $0.27 per share for the third quarter, a 35 percent increase over the $0.20 per share we reported for the third quarter last year."


Total company sales are expected to grow in the low to mid single digit range for the third quarter despite back-to-school sales that are below expectations.


Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Generating Loyalty for Brands and Retailers in an Omnichannel World

Generating Loyalty for Brands and Retailers in an ...

Harnessing personas, loyalty programs, and new technologies can help marketers better connect with customers.

News Byte: Salesforce Forms Unit to Focus on Verticals

News Byte: Salesforce Forms Unit to Focus on ...

The industries business unit, led by ex-White House CIO Vivek Kundra, will serve six industry groupings.

Columbia U. Puts the "Do" in "Donation"

Columbia U. Puts the "Do" in "Donation"

Columbia University raises nearly $7 million in donations in just 24 hours with a combination of social media, live events, and gamification.