Office Depot, Inc. Announces First Quarter 2017 Results

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Go back to Office Depot, Inc. Announces First Quarter 2017 Results

Office Depot (ODP) Tops Q1 EPS by 4c

May 9, 2017 6:54 AM EDT

Office Depot (NASDAQ: ODP) reported Q1 EPS of $0.16, $0.04 better than the analyst estimate of $0.12. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.71 billion.

Outlook (2)

Office Depot continues to expect total company sales in 2017 to be lower than 2016, primarily due to the impact of planned store closures, prior year contract customer losses, continued challenging market conditions and returning to a 52 week fiscal year. 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... More