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Office Depot Raises FY18 Sales Outlook - Quick Facts

While reporting its third-quarter financial results on Wednesday, Office Depot Inc. (ODP) reiterated its outlook for fiscal 2018 adjusted operating income and raised its forecast for full-year sales.

The company now forecasts fiscal 2018 sales of $11.0 billion, up from the prior outlook for sales of $10.8 billion. The company affirmed its outlook for adjusted operating income of $360 million.

On average, analysts polled by Thomson Reuters expect the company to report revenues of $10.92 billion for the year. Analysts' estimates typically exclude special items.

For fiscal 2019, Office Depot issued outlook for sales of $11.1 billion and adjusted operating income of $375 million. The Street expects revenues of $10.79 billion.

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