Brief: The ODP Corporation Announces Third Quarter 2023 Results

ODP

08/11/2023 12:03

Nov 8 (Reuters) - Odp Corp  ODP.O :
    * THE ODP CORPORATION ANNOUNCES THIRD QUARTER 2023 RESULTS
    * UPDATES FULL-YEAR 2023 GUIDANCE
    * SEES  FULL YEAR 2023 ADJUSTED EPS $5.30 - $5.60 PER SHARE
    * SEES 2023 SALES REVISED TO $7.8 BILLION - $7.9 BILLION
    * WEAKER MACROECONOMIC CONDITIONS HAVE IMPACTED LEVEL OF
CONSUMER
AND BUSINESS ACTIVITY CREATING TOP-LINE HEADWINDS
    * FY2023 EARNINGS PER SHARE VIEW $5.21, REVENUE VIEW $8.00
BILLION
-- LSEG IBES DATA
    * OUR INCREASED FY ADJUSTED EPS OUTLOOK ALSO ASSUMES A LOWER
FULL-YEAR EFFECTIVE TAX RATE DRIVEN BY EXECUTION OF CERTAIN TAX
CREDITS
    * AS WE LOOK AHEAD, WE ANTICIPATE MACROECONOMIC ENVIRONMENT
TO
REMAIN CHALLENGING THROUGHOUT REMAINDER OF YEAR

Source text for Eikon:  ID:nBw9QQkY8a 
Further company coverage:  ODP.O 

 ((Reuters.Briefs@thomsonreuters.com;))