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Office Depot Trims FY19 Sales Outlook - Quick Facts

While reporting financial results for the first quarter, Office Depot Inc. (ODP) lowered its sales and adjusted operating income guidance for the full-year 2019.

For fiscal 2019, the company lowered its sales guidance to a range of $10.8 billion to $10.9 billion from the previous outlook for sales of about $11.1 billion. Adjusted operating is now seen in the range of $325 million to $350 million, down from the prior guidance $375 million.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $10.90 billion for the year. Analysts' estimates typically exclude special items.

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