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News Breaks
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November 19, 2009
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| 08:37 EDT |  | OMX |
| theflyonthewall.com: | Office Max expects Q4 operating loss, decline in sales | | OfficeMax is scheduled to present today at the Citi 6th Annual Small/Mid Cap Conference. As part of the presentation, the company plans to reiterate its outlook for Q4. As previously reported on October 29th, the company expects sales in Q4 to decline on a year-over-year basis, but improve sequentially compared to Q3. The company expects a greater gross margin rate decline on a year-over-year basis in Q4 than it experienced in Q3, along with additional incentive compensation expense accruals similar to the level accrued in Q3. As a result, OfficeMax expects a Q4 operating loss. :theflyonthewall.com |
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