The company has also reported a net loss of $1.54 billion for the fourth quarter of fiscal 2008, when compared with the net earnings of $18.8 million for the same period in the previous year.
Operating loss was $1.7 billion for the fourth quarter of fiscal 2008, when compared with the operating loss of $11.1 million for the same period in the previous year. The loss per share on a diluted basis was $5.64 for the quarter, versus earnings per share of $0.07 in the fourth quarter of 2007.
EBIT, adjusted for charges, saw a loss of $210 million in the fourth quarter of 2008 or a negative 6.4% as a percentage of sales, compared to a positive $6 million or 0.2% as a percentage of sales in the prior-year period.
Office Depot incorporated in 1986 is a global supplier of office products and services.
