Office Depot (ODP) Misses Q1 EPS by 2c
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Office Depot, Inc. Announces First Quarter 2016 Results
April 26, 2016 6:50 AM EDTBOCA RATON, Fla.--(BUSINESS WIRE)-- Office Depot, Inc. (Office Depot, or the Company) (NASDAQ: ODP), a leading global provider of office products, services, and solutions, which entered into a definitive agreement on February 4, 2015 to be acquired by Staples, Inc. (Staples), today announced results for the first quarter ended March 26, 2016.
The protracted regulatory review of the pending Staples acquisition continues to have a substantial disruptive impact on our business, said Roland Smith, chairman and chief executive officer for Office Depot. Our North American Business Solutions Division and International Division are more impacted by this disruption and accordingly,... More
