Financial News Roundup

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OfficeMax Retail Segment Sales Rise 6.8%
Itasca, Ill. — OfficeMax’s retail segment sales increased 6.8 percent in the fourth quarter, hitting $1.23 billion, up from a year-ago $1.16 billion, including an additional week for selling this past year, while same-store sales decreased 1 percent.

Home Depot Sales Rise 15.9%


Atlanta — Fiscal fourth-quarter sales at Home Depot jumped 15.9 percent, reaching $19.5 billion, up from $16.8 billion in the year-ago period. Comp-store sales increased 5.5 percent.

Wal-Mart’s Q4 Net Up 13.4%


Bentonville, Ark. —Wal-Mart Stores reported record net income of $3.6 billion for its 2006 fiscal fourth quarter, ended Jan. 31, representing an increase of 13.4 percent year-over-year

Harvey’s Q1 Sales Slip 5.8%


Lyndhurst, N.J. — Harvey Electronics’ fiscal 2006 first quarter net sales fell 5.8 percent to $11.4 million for the three months ended Jan. 28. Cobra Sales Climb 5.9%


Chicago — Mobile navigation product sales did much to increase fourth-quarter revenue at Cobra Electronics, with the company’s three-month total rising 5.9 percent to $46.6 million, from $44 million in the year-ago period.

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