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Retail Earnings Roundup: Oct. 27

Office Depot, Vitamin Shoppe and Jones Group report third-quarter results.



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Office Depot

(ODP) - Get ODP Corporation Report

saw its sales fall in its third-quarter, another sign that the recovery for small businesses remains questionable.

However, the office supply retailer did note that it was able to significantly cut costs, which moved profit into the black. During the quarter Office Depot earned $54 million, or 18 cents per share, compared with a loss of $413 million, or $1.51 per share, in the year prior.

Sales fell 4% to $2.9 billion, while same-store sales were flat. Operating expenses declined about 8%.

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Office Depot's chief executive Steve Odland, will step down next week

following the settlement of an SEC investigation. He will be replaced on an interim basis by board member Neil Austrian.

Shares of Office Depot are gaining 2.7% to $4.90 before the bell.

Jones Group


reported third-quarter profit that fell short of estimates, despite an uptick in sales.

The maker of Nine West shoes, among other brands, earned $29.1 million, or 34 cents per share, a 4.3% decline from $30.4 million, or 36 cents, in the year-ago period. Excluding items, Jones would have earned 54 cents a share, significantly less than Wall Street's forecast of 63 cents.

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Revenue grew to $1.02 billion from $855.7 million. This compares with analysts' outlook of $1.03 billion.

Vitamin Shoppe

(VSI) - Get Vitamin Shoppe, Inc. Report

beat profit expectations, reporting adjusted earnings of 27 cents per share, compared with forecasts of 24 cents.

Revenue increased 11.3% to $187.4 million, in-line with estimates.

Looking ahead, Vitamin Shoppe foresees 10% store growth in 2011, a 4% to 5% jump in same-store sales, and net income growth of 25%.

--Written by Jeanine Poggi in New York.

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