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Beginning on Slide 4; total sales in the quarter were .6 billion, a decrease of 8% from the third quarter of 2016.
Excluding store closures, adjusted sales were down 6%.
Importantly, it also marks a major milestone for the company as we're beginning to transform Office Depot for the future.
I'm very excited to share with you the details of our new strategic direction, but first, let's recap the third quarter financial results.
As you know, I bring a technology and supply chain background to this business, and I believe having that outside perspective has helped me appreciate these core attributes and think about how we can utilize them in new ways to drive value.
Gerry Smith Thank you, Rich, and good morning to everyone on the call.
I'm also very pleased on a year-to-date basis we've generated 0 million of free cash flow, which is in line with our full year guidance.
Even after making several investments to strengthen our business, including the Compu Com acquisition, we still maintain a solid liquidity position with cash and an undrawn ABL credit facility that provides us with substantial financial flexibility for the future.
On today's call, Gerry will summarize the third quarter results and provide an update on the business.
Steve will then review the quarterly financial results and outlook.
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Following Steve's discussion, we'll have some closing comments and then open up the line for your questions.