OfficeMax® Incorporated today announced the results for its fiscal second quarter ended June 25, 2011. Total sales were $1,647.6 million in the second quarter of 2011, a decrease of 0.3% from the second quarter of 2010. For the second quarter of 2011, OfficeMax reported a net loss available to OfficeMax common shareholders of $3.0 million, or $0.04 per diluted share.
Ravi Saligram, President and CEO of OfficeMax, said, "We continued to experience top line softness as a result of the difficult macroeconomic environment but have made progress on gross margin initiatives. We remain focused on executing the fundamentals better, enhancing the management team and improving the operations of the business."