Office Depot (ODP) Tops Q4 EPS by 1c

Office Depot (NASDAQ: ODP) reported Q4 EPS of $0.11, $0.01 better than the analyst estimate of $0.10. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.71 billion.

Office Depot expects total company sales in 2017 to be lower than 2016, primarily due to the impact of store closures, prior year contract customer losses, one less selling week and continued challenging market conditions. However, the company expects the rate of sales decline to improve throughout 2017 based on improvements in customer retention, implementation of new customer wins and continued growth in the contract channel sales pipeline.

For earnings history and earnings-related data on Office Depot (ODP) click here.

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