Office Depot, Inc. Announces Second Quarter 2016 Results
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Office Depot (ODP) Initiates Qtr. Dividend at 2.5c/Share; Yields 3%
August 3, 2016 6:54 AM EDTOffice Depot (NASDAQ: ODP) has initiated a quarterly dividend at $0.025 per share, or $0.10 annualized.
The dividend will be payable on September 15, 2016, to stockholders of record on August 25, 2016, with an ex-dividend date of August 23, 2016.
The annual yield on the dividend is 3... More
Office Depot (ODP) Misses Q2 EPS by 3c; Announces Cost Savings Program; Initiates Dividend, Hikes Stock Buyback
August 3, 2016 6:52 AM EDTOffice Depot (NASDAQ: ODP) reported Q2 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.2 billion.
North American Retail Division
Retail Division sales were $1.2 billion in the second quarter of 2016 compared to $1.3 billion in the prior year period. Second quarter sales declined 7%, primarily due to the impact of planned store closures in the twelve months through June 25, 2016. Same-store sales in the quarter declined 1% primarily due to lower transaction counts, partially offset by higher average order value. Same-store sales benefited from the... More
