Posted by: traax November 7, 2018
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Office Depot --
$ODP -- https://www.businesswire.com/news/home/20181107005269/en/Office-Depot-Announces-Quarter-2018-Results
Third Quarter 2018 Highlights
Reported Sales of $2.9 Billion, Up 10%
Business Solutions Division (BSD) Sales Up 6%; Up 1% Organically
Service Revenues up 28% in BSD and up 11% in Retail Division(1)
Retail sales down 6%; down 5% adjusted for new revenue recognition standard
Operating Income of $105 Million Flat versus Prior Year, despite Disappointing Performance at CompuCom
Operating Cash Flow of $304 Million; $555 Million Year-to-Date
Free Cash Flow of $257 Million; $434 Million Year-to-Date
Ending Cash Balance of $925 Million
Raising 2018 Guidance and Issuing Guidance for 2019
$ODP -- https://www.businesswire.com/news/home/20181107005269/en/Office-Depot-Announces-Quarter-2018-Results
Third Quarter 2018 Highlights
Reported Sales of $2.9 Billion, Up 10%
Business Solutions Division (BSD) Sales Up 6%; Up 1% Organically
Service Revenues up 28% in BSD and up 11% in Retail Division(1)
Retail sales down 6%; down 5% adjusted for new revenue recognition standard
Operating Income of $105 Million Flat versus Prior Year, despite Disappointing Performance at CompuCom
Operating Cash Flow of $304 Million; $555 Million Year-to-Date
Free Cash Flow of $257 Million; $434 Million Year-to-Date
Ending Cash Balance of $925 Million
Raising 2018 Guidance and Issuing Guidance for 2019