Office Depot

The ODP Corp. operates as a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the Business Solutions Division and Retail Division segments. The Business Solutions Division segment offers nationally branded and the company's private branded office supply and adjacency products and services. The Retail segment includes a chain of retail store that sell office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture. The company was founded in 1986 and is headquartered in Boca Raton, FL.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Office Depot navigates challenges, focuses on growth and shareholder value

Office Depot overcame challenges through operational focus and a low-cost model, positioning for future growth.
Strong performance in ODP Business Solutions offset challenges in the Consumer Division.
Strategic initiatives like the $1 billion share repurchase program enhanced shareholder value.
Focus on driving sales growth, improving customer experience, and expanding categories for future success.

Office Depot (ODP) reports strong Q1 results and maintains guidance

Office Depot (ODP) showcases strong Q1 performance and strategic focus on unlocking business value.
Maintained guidance reflects confidence in navigating challenges and capitalizing on growth opportunities.
Emphasis on operational excellence, cost reduction, and disciplined capital returns to drive shareholder value.

Office Depot reports solid Q2 results, eyes growth opportunities

Office Depot showcased strong performance in Q2, with solid financial results and operational excellence despite challenges in certain segments.
The company's new business unit model is unlocking growth potential, with Veyer and Varis showing promising results and opportunities for expansion.
While facing revenue challenges and lower demand in some areas, Office Depot remains focused on efficiency, cost control, and new category offerings for future growth.
Management's confidence in operational performance, highlighted by revised EPS guidance and strong cash flow improvement, sets a positive outlook for the company's future.

Office Depot reports Q3 revenue decline but boosts EPS guidance

Office Depot is navigating challenges in retail sales and client onboarding delays while capitalizing on growth opportunities in logistics and strategic business units. Strong operating performance and cost control measures are driving improved financial outlook for 2023. Focus on category expansion and customer growth remains key for future success.

Office Depot reports strong 2023 performance, focuses on cost efficiency

Office Depot showcased strong financial performance in 2023 despite revenue challenges, focusing on cost optimization and shareholder returns.
The company's initiatives like Project CORE and Education 365 aim to enhance efficiencies, diversify revenue streams, and drive growth.
While facing revenue declines and strategic reviews, Office Depot remains optimistic about maximizing shareholder value and executing its growth strategy.
With a disciplined approach to acquisitions and a focus on cash flow, Office Depot is poised to capture opportunities for sustained success and profitability.

Office Depot accelerates cost-saving initiatives amidst revenue challenges

Despite challenges, Office Depot remains focused on gaining market share and traction. The company is conservative about free cash flow outlook but disciplined in EBITDA and cash flow conversion. Executives emphasize a commitment to supporting customers during the Varis sale process.

Office Depot (ODP) addresses challenges, focuses on growth opportunities

Office Depot (ODP) is navigating challenges from the macroeconomic environment but remains focused on growth initiatives.
The company is strategically reprioritizing investments and capital allocation to drive shareholder return.
With a strong balance sheet and ongoing initiatives, Office Depot (ODP) aims to improve performance and seize growth opportunities.

Office Depot navigates challenges, focuses on B2B growth opportunities

Office Depot's Q3 performance reflected revenue decline but highlighted progress in the B2B pivot strategy.
Despite challenges from weak economic conditions and hurricanes, the company maintained market share stability and pursued growth opportunities.
With a focus on B2B contracts, liquidity management, and strategic investments, Office Depot aims to optimize its business model for future success.

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The ODP Corp. is a holding company, which engages in the provision of business services and supplies, products, and digital workplace technology solutions. It operates through the following divisions: ODP Business Solutions, Office Depot, Veyer, and Varis. The ODP Business Solutions division provides solutions to small, medium and enterprise level companies, including those in the public and education sectors. The Office Depot division covers the provision of solutions through omni-channel platform of 980 Office Depot and OfficeMax retail locations in the United States, Puerto Rico and the U.S. Virgin Islands, and an eCommerce presence. The Veyer division is the supply chain, distribution, procurement, and global sourcing operation. The Varis division includes the tech-enabled B2B indirect procurement marketplace. The company was founded in 1986 and is headquartered in Boca Raton, FL.

The ODP Corporation (NASDAQ:ODP ) Q3 2024 Earnings Call Transcript November 6, 2024 9:00 AM ET Company Participants Tim Perrott - Vice President, Investor Relations Gerry Smith - Chief Executive Officer Max Hood - SVP Chief Accounting Officer and Controller Adam Haggard - SVP Planning and Analysis Conference Call Participants Michael Lasser - UBS Greg Burns - Sidoti Joe Gomes - Noble Capital Operator Good morning and welcome to The ODP Corporation's Third Quarter 2024 Earnings Conference Call. All lines will be on a listen-only mode for today's call.

The ODP Corporation (ODP) Q3 2024 Earnings Call Transcript

ODP Corp. (ODP) came out with quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.88 per share a year ago.

ODP Corp. (ODP) Lags Q3 Earnings and Revenue Estimates

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP) (“ODP,” or the “Company”), a leading provider of products, services and technology solutions to businesses and consumers, today announced a partnership with a large, growing strategic reseller organization, offering quality office, furniture, print, promotional and facility resource solutions to large multi-site companies. This partnership, worth up to $1.5 billion spanning a 10-year period, will leverage the reseller provider'.

The ODP Corporation Embarks on a New 10-Year, $1.5B Transformative Partnership with Nationally Recognized Strategic Reseller

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation Announces Third Quarter 2024 Results.

The ODP Corporation Announces Third Quarter 2024 Results

ODP Corp. (ODP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Investors Heavily Search The ODP Corporation (ODP): Here is What You Need to Know

ODP Corp. (ODP) closed at $31.48 in the latest trading session, marking a -1.25% move from the prior day.

ODP Corp. (ODP) Stock Sinks As Market Gains: Here's Why

BOCA RATON, Fla.--(BUSINESS WIRE)--ODP Business Solutions Announces Renewal of Disney Institute Professional Development Courses Sponsorship.

ODP Business Solutions Announces Renewal of Disney Institute Professional Development Courses Sponsorship

ODP Corp. (ODP) reachead $30.53 at the closing of the latest trading day, reflecting a -1.2% change compared to its last close.

ODP Corp. (ODP) Stock Declines While Market Improves: Some Information for Investors

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP) (“ODP,” or the “Company”), a leading provider of products, services, and technology solutions to businesses and consumers, will announce third quarter 2024 financial results before the market open on Wednesday, November 6th, 2024. The ODP Corporation will webcast a call with financial analysts and investors that day at 9:00 am Eastern Time which will be accessible to the media and the general public. To listen to the conference.

The ODP Corporation to Announce Third Quarter 2024 Results Wednesday, November 6, 2024

In the latest trading session, ODP Corp. (ODP) closed at $31.36, marking a +0.71% move from the previous day.

ODP Corp. (ODP) Surpasses Market Returns: Some Facts Worth Knowing

Here is What to Know Beyond Why The ODP Corporation (ODP) is a Trending Stock

ODP Corp. (ODP) concluded the recent trading session at $30.14, signifying a +0.3% move from its prior day's close.

ODP Corp. (ODP) Ascends But Remains Behind Market: Some Facts to Note

Zacks.com users have recently been watching ODP Corp. (ODP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock The ODP Corporation (ODP) a Buy Now?

ODP Corporation is trading at a low price/book ratio and P/E ratio, making it an attractive contrarian investment despite declining revenues. The company has a weak balance sheet but remains cash flow positive with minimal long-term debt, suggesting financial sustainability. Competition and commodity price fluctuations are significant risks, but ODP's business strategy and branding efforts are crucial for navigating the market.

Business Supply Retailer ODP Corporation Looks Like A Contrarian Pick

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot is thrilled to announce the highly anticipated Depot Discount Days happening from October 3 to October 12! This mega sale event is open to all customers, offering up to 50% off across categories such as furniture, technology, and more. Get Ready for Huge Savings! For ten days, shoppers can dive into some of the year's hottest deals at officedepot.com and in Office Depot and OfficeMax stores nationwide. Whether you're starting your holiday shopping.

Office Depot Fall Depot Discount Days are Coming Soon – Here's What to Know!

ODP Corp. (ODP) closed at $28.75 in the latest trading session, marking a +0.49% move from the prior day.

ODP Corp. (ODP) Laps the Stock Market: Here's Why

The ODP Corporation (ODP) is Attracting Investor Attention: Here is What You Should Know

FORT LAUDERDALE, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by The ODP Corporation in Fort Lauderdale.

Mark Cuban Foundation and The ODP Corporation Bring Free AI Bootcamp to Fort Lauderdale Teens

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, an operating company of The ODP Corporation and a leading omnichannel retailer dedicated to helping its small business, home office, and education customers live more productive and organized lives, is making it easier for customers to connect and celebrate life's special moments with the addition of a curated assortment of Hallmark products. Hallmark's iconic collection of greeting cards, stationery, and gift wrap will complement Office Depot's.

Office Depot Welcomes Hallmark, Expanding Its Selection for Celebrations and Everyday Moments

Recently, Zacks.com users have been paying close attention to ODP Corp. (ODP). This makes it worthwhile to examine what the stock has in store.

The ODP Corporation (ODP) Is a Trending Stock: Facts to Know Before Betting on It

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the implementation of cutting-edge Generative AI (Gen AI) technology across its nationwide network of Office Depot and OfficeMax stores. This technology has significantly enhanced its customer experience since its last announcement, and further de.

The ODP Corporation Enhances Customer Experience with Gen AI Data Integration

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot announced they have donated over $14 million since 2020 to support education, leveraging its nationwide retail footprint and online marketplace. The school supply drive program has supported nearly 2,500 Title I public schools since its inception, impacting nearly 100,000 teachers, and supplying nearly 1.25 million students with brand new school supplies, classroom furniture, technology and more to start the new school year. The company partnered.

Office Depot and OfficeMax Stores Celebrate Over $14 Million Raised to Support Teachers and Students with Back-to-School Essentials at Title I Schools Nationwide Since 2020

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced that D. Anthony Scaglione, executive vice president and chief financial officer, is stepping down from his role to pursue another career opportunity and that his last day will be September 13, 2024. “On behalf of ODP, I want to thank Anthony for his significant contributions to ODP over the.

The ODP Corporation Announces Departure of Chief Financial Officer

The ODP Corporation (NASDAQ:ODP ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Company Participants Tim Perrott – Vice President-Investor Relations and Treasurer Gerry Smith – Chief Executive Officer Anthony Scaglione – Executive Vice President and Chief Financial Officer Conference Call Participants Greg Burns – Sidoti Michael Lasser – UBS Operator Good morning and welcome to The ODP Corporation's Second Quarter 2024 Earnings Conference Call. All lines will be on a listen-only mode for today's call.

The ODP Corporation (ODP) Q2 2024 Earnings Call Transcript

ODP Corp. (ODP) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.99 per share a year ago.

News for Office Depot Stock (ODP)