Office Depot's Parent Company ODP Slashes 2024 Outlook After Weak Q3 Earnings, Eyes B2B Pivot To Offset Retail Woes
Office Depot's Parent Company ODP Slashes 2024 Outlook After Weak Q3 Earnings, Eyes B2B Pivot To Offset Retail Woes
The decrease in reported sales is largely related to lower sales in its Office Depot Division, primarily due to 53 fewer retail locations in service compared to the previous year and reduced transactions, as well as lower sales in its ODP Business Solutions Division.The ODP Corporation (NASDAQ:ODP) shares are trading lower on Wednesday.
歐迪辦公公司（納斯達克:ODP）股價週三下跌。
The company reported third-quarter adjusted earnings per share of 71 cents, missing the street view of $1.60.
該公司報告第三季度調整後每股收益爲71美分，低於華爾街預期的1.60美元。
Quarterly sales of $1.780 billion, down 11% year-over-year, missed the analyst consensus of $1.820 billion.
季度銷售額爲17.8億美元，同比下降11%，低於分析師預期的18.2億美元。
The decrease in reported sales is largely related to lower sales in its Office Depot Division, primarily due to 53 fewer retail locations in service compared to the previous year and reduced transactions, as well as lower sales in its ODP Business Solutions Division.
報告銷售額下降主要與辦公消耗品業務的銷售額減少有關，主要是由於零售網點比去年減少53個，交易減少以及歐迪辦公業務解決方案部門銷售額下降。
"We're leveraging our differentiated core strengths to pivot towards higher growth B2B opportunities, and we are beginning to see promising traction at both our ODP Business Solutions and Veyer Divisions," said Gerry Smith, chief executive officer.
“我們正在利用我們獨特的核心優勢轉向更高增長的20億美元機會，我們開始看到我們的歐迪辦公業務解決方案和Veyer部門都有希望的動力，"首席執行官Gerry Smith說。
Also Read: Trump's Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft
還閱讀：特朗普的大科技政策：共和黨勝利對蘋果、谷歌、微軟意味着什麼
In the quarter under review, adjusted EBITDA was $62 million, compared to $138 million in the year-ago period.
在審核的季度，調整後的息稅折舊及攤銷前利潤爲6200萬美元，相比去年同期的13800萬美元。
As of September 28, ODP had total available liquidity of approximately $728 million, consisting of $192 million in cash and equivalents.
截至9月28日，歐迪辦公公司的總可用流動資金約爲72800萬美元，其中現金及等價物爲19200萬美元。
In a separate press release, the company announced a partnership with a nationally recognized strategic reseller. This partnership, worth up to $1.5 billion spanning a 10-year period, will leverage the reseller provider's expertise in creating custom, results-driven e-commerce solutions and the company's extensive fulfillment centers and delivery network.
在一份單獨的新聞稿中，該公司宣佈與一家國家認可的戰略轉售商達成合作夥伴關係。這項合作價值高達15億美元，跨越10年，將利用轉售商提供商在創建定製、結果導向的電子商務解決方案方面的專業知識，以及公司龐大的履約中心和物流網絡。
Outlook: ODP has lowered its full-year 2024 adjusted EPS guidance from a range of $4.25 – $5.00 to $3.10 – $3.80, below the $4.27 analyst estimate.
展望：歐迪辦公已將其2024財年調整後的每股收益指引從4.25 - 5.00美元降至3.10 - 3.80美元，低於分析師估值的4.27美元。
The company expects sales to be approximately $7 billion (prior view: at least $7 billion), compared to the $7.09 billion estimate.
該公司預計銷售額約爲70億美元（之前預期：至少700億美元），相比於70.9億美元的估值。
Price Action: ODP shares are trading lower by 15.2% to $26.37 at last check Wednesday.
股價走勢：歐迪辦公股價上週三最後一次檢查時下跌了15.2%，爲26.37美元。
Photo via Wikimedia Commons
照片通過Wikimedia Commons
- Trump's Historic Return: 7 Ways His Second Term Could Impact The US Economy
- 特朗普歷史性回歸：他的第二個任期如何影響美國經濟的7種方式
譯文內容由第三人軟體翻譯。
