Company Earnings UpdateOffice Depot (ODP) 3Q18 Results: Beats Consensus Estimates and Raises Guidance Coresight Research November 12, 2018 Executive Summary Office Depot reported 3Q18 adjusted EPS of $0.13, beating the consensus estimate by a penny. Revenues were $2.89 billion, beating the $2.83 billion consensus estimate. Sales increased by 6% as reported and by 1% organically in the Business Solutions division. Services revenues increased by 28% in the Business Solutions division and by 11% in the Retail division. Retail sales declined by 6% as reported and by 5% according to a new revenue recognition standard. The company raised its FY18 revenue guidance to $11.0 billion from $10.8 billion previously and offered FY19 revenue guidance of $11.1 billion, above the consensus estimate of $10.8 billion. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail Crime and Shrink: Facial Recognition Tech Gains Ground; Shoplifting Climbs 13% in EnglandThree Data Points We’re Watching This Week, Week 18: What US Consumers Think About Tariffs—UpdateFour Technologies Retailers Can Use to Enchant Consumers: Insights Presented at CES 2025Five Ways AI Is Being Used in Luxury Retailing—and What’s Next
