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Assessing Office Depot’s Top Line

Victoria Dean
Updated
Assessing Office Depot’s Top Line

In the last four quarters, Office Depot (ODP) has beaten analysts’ estimates twice and missed them twice. In the first quarter, Office Depot’s sales rose ~6% year-over-year to $2.8 billion, topping analysts’ estimate of $2.7 billion. Its business solutions sales rose 1% to $1.3 billion, driven by sales growth in adjacent categories, acquisitions, and online sales, while its retail sales fell 8.4% to $1.2 billion. Acquired in November 2017, CompuCom saw sales of $257 million in the first quarter.

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