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More on Office Depot's (ODP) Q1: A shift in the timing of New Years and Easter negatively impacts sales to the tune of $58M — this was a contributing factor to the company's 5% Y/Y revenue decline. Q1 also includes ~$25M in merger-related pretax charges. The company says it saw "modest improvement in trends late in the period," and is confident it can hit both Q2 and FY13 guidance. Shares -1.62% premarket. (PR)

More on Office Depot's (ODP) Q1: A shift in the timing of New Years and Easter negatively impacts sales to the tune of $58M — this was a contributing factor to the company's 5% Y/Y revenue decline. Q1 also includes ~$25M in merger-related pretax charges. The company says it saw "modest improvement in trends late in the period," and is confident it can hit both Q2 and FY13 guidance. Shares -1.62% premarket. (PR) Post your comment!

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