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.

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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 office products retail chain is bolstering profitability while it builds a pipeline for future growth.

Why Office Depot Stock Popped Today

Office Depot, Inc. (ODP) CEO Gerry Smith on Q3 2019 Results - Earnings Call Transcript

Shares of Office Depot Inc. ODP, +0.46% shot up 7.8% toward a 6-month high in premarket trading Wednesday, after the office-supply retailer beat profit expectations, said it was reviewing implementing a holding company reorganization and increased its stock repurchase program.

Office Depot's stock surges after profit beat, review of holding company reorganization announced

Office Depot (ODP) delivered earnings and revenue surprises of 7.14% and -1.70%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Office Depot (ODP) Q3 Earnings Surpass Estimates

Office Depot (ODP) has been focusing on business operating model, viable projects and cost structure, and making incremental investments to increase the revenue contribution from services.

Factors to Know Ahead of Office Depot's (ODP) Q3 Earnings

In the latest trading session, Office Depot (ODP) closed at $2.08, marking no change from the previous day.

Office Depot (ODP) Flat As Market Gains: What You Should Know

Office Depot (ODP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Office Depot (ODP) Reports Next Week: Wall Street Expects Earnings Growth

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Office Depot (ODP) Right Now?

Following its 30% stock price decline in the last year, Office Depot Inc. (NASDAQ:ODP) could offer strong recovery prospects.

Why Office Depot Has Turnaround Potential

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Office Depot (ODP) closed at $1.68 in the latest trading session, marking a +0.3% move from the prior day.

Office Depot (ODP) Gains But Lags Market: What You Should Know

As of late, it has definitely been a great time to be an investor Office Depot.

Will Office Depot Continue to Surge Higher?

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Office Depot (ODP) reported earnings 30 days ago. What's next for the stock?

Office Depot (ODP) Down 13.6% Since Last Earnings Report: Can It Rebound?

ODP’s market value dropped 85% from 6.3B to ~850m over the past 4 years.

Office Depot: Underlying Math Favors Patient Bulls

Office Depot's (ODP) second quarter sales fall, while earnings per share improves year over year. The company witnesses enhanced performance at CompuCom division on a sequential basis.

Office Depot (ODP) Q2 Earnings Top Estimates, Improve Y/Y

Office Depot's (ODP) CEO Gerry Smith on Q2 2019 Results - Earnings Call Transcript

Office Depot (ODP) delivered earnings and revenue surprises of 40.00% and 0.03%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Office Depot (ODP) Surpasses Q2 Earnings and Revenue Estimates

Office Depot Inc. ODP, -1.13% stock rose nearly 3% in Wednesday premarket trading after the business supply retailer reported second-quarter earnings that beat expectations.

Office Depot stock rises after earnings beat

Office Depot's (ODP) focus on business operating model, viable projects and cost structure are likely to favorably impact second-quarter.

How Office Depot (ODP) Looks Just Ahead of Q2 Earnings

Office Depot (ODP) Reports Next Week: What to Know Ahead of the Release

We hope these efforts will help Office Depot (ODP) achieve the much-required turnaround in an environment where demand for office products is diminishing.

Will Office Depot's (ODP) Efforts Help Revive the Stock?

Office Depot's (ODP) lower-than-expected operating performance at the CompuCom division hurts the top line. However, management is undertaking several initiatives to get back on track.

Office Depot (ODP) Plunges 40% in 3 Months: Factors to Blame

ODP took a beat down after they pre-announced disappointing Q1 results and a further beat down after their actual earnings report one month later. It is now incredibly cheap.

News for Office Depot Stock (ODP)