OfficeMax Inc. (OMX) To Present at Citi Small-/Mid-Cap Conference
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OfficeMax Incorporated (NYSE: OMX) a leader in office products and services, is scheduled to present today at the Citi 6th Annual Small/Mid Cap Conference at 9:10 a.m. ET.
As part of the presentation, the company plans to reiterate its outlook for the fourth quarter of 2009. As previously reported on October 29th, the company expects sales in the fourth quarter of 2009 will decline on a year-over-year basis, but improve sequentially compared to the third quarter. The company expects a greater gross margin rate decline on a year-over-year basis in the fourth quarter of 2009 than it experienced in the third quarter, along with additional incentive compensation expense accruals similar to the level accrued in the third quarter. As a result, OfficeMax expects a fourth quarter of 2009 operating loss.
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