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Office Depot sees international profit growth

from The Associated Press via Yaoo! Finance

Office Depot Inc. affirmed that it expects operating profit for its international division will rise in 2010 over last year's results. The office supply retailer also said in a regulatory filing that overseas operating profit should be higher in the first half of this year than in the same period in 2009. In April, Office Depot reported first-quarter results that missed Wall Street expectations and forecast an operating loss in the second quarter. The company has been undergoing a restructuring as it deals with weak sales in the U.S., brought on by the recession. more


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