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
The media mogul and Billionaire Sumner Redstone passed away on Tuesday at the age of 97, his family's holding company National Amusements said in a statement on Wednesday. He was Chairman Emeritus of ViacomCBS and chief executive officer of National Amusements. Customers in the U.S. are preferring digital or touchless payment methods due to concerns arising from the COVID-19 pandemic, a survey said. According to the survey by Rapyd Financial Network, the coronavirus pandemic has raised health and safety concerns around using cash and coins, and is accelerating the pre-existing trend toward digital transactions. American Airlines has extended its offer to waive change fees for customers who purchase tickets for travel, until December 31, 2020 in response to lower travel demand due to the coronavirus pandemic. This means that the travelers need not pay penalties for changing the origin and destination cities.
Follow RTT