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February 20, 2013
09:43 EDTOMXOfficeMax sees FY13 sales in line with prior year
For the full year 2013, OfficeMax said it anticipates that total company sales will be in line with the prior year period, including the projected favorable impact of foreign currency translation. OfficeMax sees 2013 operating income margin will be in line with the adjusted margin of 2.0% for the prior year. Outlook for operating income margin for both the first quarter and full year 2013 includes the negative impact from the lapse of a retail lease non-cash income item related to the OfficeMax-Boise merger in 2003, and discontinuation of dividend income due to the redemption of Boise Cascade Holdings. Together these items will reduce 2013 adjusted operating income by approximately $4M in the first quarter and $18M for the full year, the company said.
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