Office Depot Announces First Quarter 2019 Results

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Go back to Office Depot Announces First Quarter 2019 Results

Office Depot (ODP) Reports In-Line Q1 EPS, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus, Boosts FY19 Adj. EBITDA, Op. Income, FCF Views

May 8, 2019 6:54 AM EDT

Office Depot (NASDAQ: ODP) reported Q1 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $2.77 billion versus the consensus estimate of $2.76 billion.

Reported Sales of $2.8 Billion, down 2% from Prior Year PeriodBSD Division Revenue up 1%Retail Division Same Store Sales down 4%CompuCom Revenue down 4%Services Revenue Growth in BSD and Retail Divisions up 13% and up 16%, RespectivelyOperating Income of $24 Million and Net Income from Continuing Operations of $8 MillionAdjusted Operating Income of $67 Million Primarily Driven by Lower Performance at CompuComAnnounces Business Acceleration... More