Office Depot reported Q4 2019 sales of $2.5 billion, a decrease of 6% compared to the fourth quarter of 2018. The company reported operating income of $74 million, compared to $24 million in the prior year period. Net income from continuing operations was $55 million, or $0.10 per diluted share, compared to a net loss from continuing operations of $14 million, or $0.02 per diluted share in the fourth quarter of 2018.
Total Reported Sales of $2.5 Billion, down 6% from Prior Year Period
Operating Income of $74 Million and Net Income from Continuing Operations of $55 Million
Adjusted Operating Income of $92 Million, up 10% YOY; Adjusted EBITDA of $156 Million, up 13% YOY
EPS of $0.10, up $0.12 from Prior Year Period; Adjusted EPS of $0.12, up $0.03 from Prior Year Period
The Company is issuing the following guidance for full year 2020. Underlying assumptions include: Net interest expense ~$60 million, Non-GAAP effective tax rate ~30%, Capital expenditures Up to $150 million, Cash tax rate ~10%.
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