Categories Earnings, Retail

Office Depot (NASDAQ: ODP): Q4 2019 Earnings Snapshot

— Office Depot Inc. (NASDAQ: ODP) reported adjusted earnings from continuing operations of $0.12 per share for the fourth quarter, vs. breakeven expected.

Office Depot (NASDAQ: ODP): Q4 2019 Earnings Snapshot

— 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

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

Infographic: How Macy’s (M) performed in Q4 2023 financial results

Macy’s, Inc. (NYSE: M) reported fourth quarter 2023 earnings results today. Net sales were $8.1 billion, down 1.7% versus the same period a year ago. Total revenue dropped to $8.37

AZO Earnings: AutoZone’s Q2 2024 earnings rise on higher sales

AutoZone, Inc. (NYSE: AZO) announced financial results for the second quarter of 2024, reporting higher sales and net profit. The company had a total of 7,191 stores open at the end

SJM Earnings: Key quarterly highlights from J.M. Smucker’s Q3 2024 financial results

The J.M. Smucker Co. (NYSE: SJM) reported third quarter 2024 earnings results today. Net sales increased 1% year-over-year to $2.23 billion. Comparable sales increased 6%. Net income decreased 42% to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top