Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.78B | 4% |
| Gross Profit | 364M | 6.4% |
| Cost of Revenue | 1.75B | 2.3% |
| Operating expense | 333M | 0.3% |
| Net Income | 58M | 179.5% |
| EBITDA | 115M | 373.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.69B | 1% |
| Total Liabilities | 2.84B | 2.7% |
| Total Equity | 856M | 4.1% |
| Shares Outstanding | 31M | 9.1% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 75M | 781.8% |
| Cash from investing | -32M | 68.4% |
| Cash from financing | -40M | 34.4% |
EPS
Financial Highlights for Office Depot in Q3 '24
Office Depot reported a revenue of 1.78B, which is a 4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 364M, marking a 6.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.75B, a 2.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 333M, showing a -0.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 58M, showing a 179.5% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 115M, showing a 373.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Office Depot with growth in revenue, gross profit, and net income.
