Office Depot Parent ODP Boosts FY24 EPS Outlook Despite Bumpy Q1 Ride: Details
Office Depot Parent ODP Boosts FY24 EPS Outlook Despite Bumpy Q1 Ride: Details
The ODP Corporation (NASDAQ:ODP) shares are trading lower after the company reported first-quarter FY24 earnings below street view.
ODP公司（纳斯达克股票代码：ODP）的股价走低，此前该公司公布的24财年第一季度收益低于街景。
The company reported a first-quarter FY24 sales decline of 11% year-on-year to $1.87 billion, missing the analyst consensus estimate of $1.96 billion.
该公司报告称，24财年第一季度销售额同比下降11％，至18.7亿美元，未达到分析师共识估计的19.6亿美元。
The decrease in reported sales is largely related to lower sales in its Office Depot Division, primarily due to 56 fewer retail locations in service compared to the previous year and reduced transactions.
报告的销售额下降在很大程度上与其Office Depot部门的销售额下降有关，这主要是由于与去年相比在售零售点减少了56个以及交易量减少。
Gross profit increased 14.7% to $410 million with a margin of 21.9%. Selling, general and administrative expenses dropped 6% to $359 million.
毛利增长了14.7％，达到4.1亿美元，利润率为21.9％。销售、一般和管理费用下降了6％，至3.59亿美元。
The operating income for the quarter plunged 81% to $18 million and the operating margin contracted 350 basis points to about 1%.
该季度的营业收入下降了81％，至1,800万美元，营业利润率收缩了350个基点，至约1％。
Adjusted EBITDA for the quarter decreased 37% to $82 million. Adjusted EPS of $1.05 missed the consensus estimate of $1.67.
本季度调整后的息税折旧摊销前利润下降了37％，至8200万美元。调整后的每股收益为1.05美元，未达到市场普遍预期的1.67美元。
Operating cash flow for the quarter totaled $38 million with a free cash flow of $3 million. ODP repurchased 957 thousand shares at a cost of $50 million in the first quarter of 2024.
该季度的运营现金流总额为3,800万美元，自由现金流为300万美元。ODP在2024年第一季度以5000万美元的价格回购了957,000股股票。
The company held $282 million in cash and equivalents as of March 30. Total debt was $125 million.
截至3月30日，该公司持有2.82亿美元的现金及等价物。债务总额为1.25亿美元。
"During the quarter, more cautious spending activity and ongoing delays in the onboarding of new customers at ODP Business Solutions impacted their performance, while reduced consumer activity affected Office Depot's revenue results," said CEO Gerry Smith.
首席执行官格里·史密斯表示：“在本季度，更加谨慎的支出活动以及ODP Business Solutions新客户入职的持续延误影响了他们的业绩，而消费者活动的减少影响了Office Depot的收入业绩。”
"Additionally, we have arrived at the strategic decision to pursue a sale of Varis, which our Board of Directors have approved. Concurrently, we have reduced the operating cost of Varis to further refine their focus, while continuing to support new and existing customers. Through the acceleration of Project Core, the additional cost efficiencies we are driving now and in the second half of the year have positioned us to increase guidance for adjusted EBITDA and adjusted EPS," Smith continued.
“此外，我们已经做出了出售Varis的战略决策，董事会已经批准了该决定。同时，我们降低了Varis的运营成本，以进一步细化其工作重点，同时继续为新老客户提供支持。通过加速 Project Core，我们现在和下半年提高的成本效率使我们能够提高调整后息税折旧摊销前利润和调整后每股收益的预期，” 史密斯继续说道。
Outlook: The company updated its guidance for 2024, with sales affirmed at the lower end of the prior outlook for decline of 2% – 5%.
展望：该公司更新了2024年的指导方针，销售额确认处于先前预期的下限，下降2％至5％。
ODP raised its Adjusted EPS outlook from $5.60 – $5.80 to $6.30 – $6.60 against the consensus of $5.67.
ODP将其调整后的每股收益展望从5.60美元至5.80美元上调至6.30美元至6.60美元，而市场普遍预期为5.67美元。
Price Action: ODP shares are trading lower by 5.59% at $49.00 in premarket on the last check Wednesday.
价格走势：在周三的最后一次盘前支票中，ODP股价下跌5.59％，至49.00美元。
Photo via Wikimedia Commons
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译文内容由第三方软件翻译。