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Office Depot to Affirm Its Full-Year 2012 Outlook at the Goldman Sachs Global Retailing Conference

BOCA RATON, Fla.--(BUSINESS WIRE)--Sep. 5, 2012-- Office Depot, Inc. (NYSE:ODP), a leading global provider of office supplies and services, today will affirm its full-year 2012 outlook at the Goldman Sachs Nineteenth Annual Global Retailing Conference in New York City.

The affirmed outlook will include the following:

  • The Company expects to achieve full-year 2012 adjusted EBIT in the $125 to $135 million range, an increase of approximately $5 to $10 million from 2011; and
  • The Company also expects full-year 2012 free cash flow to be in the $80 to $100 million range from an operational perspective, an increase of approximately $10 to $30 million from 2011.

To listen to the webcast, scheduled to begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time), please visit Office Depot’s Investor Relations website at http://investor.officedepot.com. A replay of the webcast will also be available on the website.

About Office Depot

Office Depot provides office supplies and services through 1,680 worldwide retail stores, a dedicated sales force, top-rated catalogs, and global e-commerce operations. Office Depot has annual sales of approximately $11.5 billion, employs about 39,000 associates, and serves customers in 60 countries around the world.

Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP. Additional press information can be found at: http://mediarelations.officedepot.com and http://socialpress.officedepot.com/.

Source: Office Depot, Inc.

Office Depot, Inc.
Investor Relations
Brian Turcotte, 561-438-3657
Brian.Turcotte@officedepot.com
or
Public Relations
Brian Levine, 561-438-2895
Brian.Levine@officedepot.com

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