— Office Depot Inc. (NASDAQ: ODP) reported adjusted earnings from continuing operations of $0.12 per share for the fourth quarter, vs. breakeven expected.
— Net income from continuing operations, on an unadjusted basis, was $55 million or $0.10 per share, compared to a loss of $14 million or $0.02 per share last year
— Net sales declined 6% annually to $2.51 billion during the three-month period, vs. $2.62 billion expected.
— The top-line was impacted by lower sales at all the three business segments – Retail Division, CompuCom Division, and Business Solutions Division. Both product sales and service revenue dropped 6%
— Fourth-quarter adjusted EBITDA increased to $156 million from $138 million in the prior-year period
— Office Depot repurchased about 11 million shares for $29 million in the fourth quarter
— Expects full-year 2020 sales to be around $10.5 billion. Looking for adjusted EBITDA of about $550 billion
— Expects adjusted operating income to be approximately $350 million in 2020, and free cash flow to be about $300 million
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
