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Office Depot (ODP) Tops Q4 EPS by 3c, Offers FY Guidance

February 26, 2020 6:52 AM EST

Office Depot (NASDAQ: ODP) reported Q4 EPS of $0.12, $0.03 better than the analyst estimate of $0.09. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.62 billion.

GUIDANCE:

Office Depot sees FY2020 revenue of $10.5 billion, versus the consensus of $10.46 billion.

Sales

~$10.5 billion

Adjusted EBITDA

~$550 million

Adjusted Operating Income

~$350 million

Free Cash Flow(1)(3)(8)

~$300 million

Underlying assumptions include:

Net interest expense

~$60 million

Non-GAAP effective tax rate

~30%

Capital expenditures

Up to $150 million

Cash tax rate

~10%

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



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