Office Depot Inc. posted net earnings of $115.6 million for the first quarter, up from $79.2 million last year. The office supplies direct marketer and retailer reported sales of $3.6 billion for the quarter ended March 27, up 18% from $3.1 billion last year. Global e-commerce sales increased 27% to $762 million compared with the same period last year. At its business services group, the Delray Beach,
Office Depot Inc. posted net earnings of $115.6 million for the first quarter, up from $79.2 million last year.
The office supplies direct marketer and retailer reported sales of $3.6 billion for the quarter ended March 27, up 18% from $3.1 billion last year.
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Global e-commerce sales increased 27% to $762 million compared with the same period last year.
At its business services group, the Delray Beach, FL firm reported flat sales.
"While our domestic catalog businesses remained soft compared with the prior year, Office Depot-brand catalog sales achieved plan and are on track to reach positive sales growth in the second half of the year," said CEO Bruce Nelson in a statement.
