Office Depot Reports Q4 EPS of $(0.21) vs. $(0.03)

Office Depot, Inc.

today announced results for the fiscal quarter and full year ending December 25, 2010. Total Company sales for the fourth quarter of 2010 were $3.0 billion, a decrease of 3% compared to the fourth quarter of 2009. The Company reported a net loss, after preferred stock dividends, of $58 million or $0.21 per share in the fourth quarter of 2010, compared to a loss of $77 million or $0.28 per share in the fourth quarter of 2009.