logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney Co. (DIS) Tuesday announced CEO Robert Iger will step down immediately, and will be replaced by Bob Chapek. Chapek most recently served as Chairman of Disney Parks, Experiences and Products. Iger will assume the role of Executive Chairman and will "direct the company's creative endeavors,"... Shares of Salesforce.com Inc. (CRM) slipped nearly 3% in after-hours trading Tuesday. The cloud-based enterprise software marker reported a fourth-quarter profit that trumped Wall Street estimates as did its revenues. However, the company announced that its co-Chief Executive Keith Block is stepping... Home Depot Inc. (HD) on Tuesday reported 5.8 percent increase in fourth-quarter profit, while Macy's Inc. (M) fourth-quarter profit fell 54.1 percent. However, the results of the companies beat analysts' estimates. The retailers have reaffirmed their annual outlook.
RELATED NEWS
Follow RTT
>