Will Office Depot’s Margin Performance Disappoint in 4Q17?
For 4Q17, analysts expect the company to report a gross margin of 23% compared with 24% reported in 4Q16. Its adjusted operating margin is expected to be 2.9%, a significant deterioration compared with 4.1% in 4Q16. For 2017, Office Depot has guided to an adjusted operating profit of $400 million–$425 million, from $471 million in 2016.