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

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Earnings data Q4 2021

Earnings data Q1 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's (ODP) CEO Gerry Smith on Q3 2021 Results - Earnings Call Transcript

ODP Corp. (ODP) delivered earnings and revenue surprises of 18.12% and -3.11%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

ODP Corp. (ODP) Surpasses Q3 Earnings Estimates

Office Depot parent ODP Corp. ODP, -1.78% reported third-quarter net income totaling $101 million, or $1.85 per share, up from $57 million, or $1.04 per share, last year. Adjusted EPS of $1.76 beat the FactSet consensus for $1.43.

Office Depot parent ODP beats on profit but misses sales expectations

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation today announced results for the third quarter ended September 25, 2021.

The ODP Corporation Announces Third Quarter 2021 Results

The ODP Corporation's (ODP) wholly-owned subsidiary, Office Depot, announces a range of offers in prep for the holiday season.

The ODP Corporation (ODP) to Offer Savings on Holiday Shopping

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the “Company”), announced today that Francesca Ruiz de Luzuriaga has decided to retire from the Board of Directors effective December 31, 2021. Ms. Luzuriaga has served as a director for The ODP Corporation and at its predecessors O

The ODP Corporation Announces Retirement of Board Member Francesca Ruiz de Luzuriaga

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, a wholly owned subsidiary of The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 Office Depot and OfficeMax stores, today announced more ways for customers to save all season long. Holiday time is the perfect time to take advantage of deals on must-have supplies, time-saving ser

Office Depot Announces Savings Throughout the Holiday Season to Help Customers Close out the Year Strong and Get Ready for 2022

ODP Corp. (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.

Analysts Estimate ODP Corp. (ODP) to Report a Decline in Earnings: What to Look Out for

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, will announce third quarter 2021 financial results before the market open on Wednesday, November 3, 2021. 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

The ODP Corporation to Announce Third Quarter 2021 Earnings Results Wednesday, November 3, 2021

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, a wholly owned subsidiary of The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores, today announced that over $3.8 million worth of educational supplies were recently provided to students, teachers and Title I schools across the country as a result of Office Depot's philant

Office Depot Helps Tens of Thousands of Students and Teachers Return to the Classroom With Over $3.8 Million in Back-To-School Essentials

Office Depot has announced a new initiative called the “20 Minute Pickup Promise” to guarantee fast in-store and curbside pickup ahead of the holiday season at both Office Depot and OfficeMax locations, according to a press release. “We know our customers value convenience and friendly, helpful service, especially during the holiday season, which is a […]

Office Depot, OfficeMax Tout 20 Minute Pickup or $20 Off

ODP Corp's (NASDAQ: ODP) wholly-owned subsidiary, Office Depot, has launched "20 Minute Pickup Promise," an in-store and curbside pickup service available now at Office Depot and OfficeMax stores nationwide. Customers can avail of the free service by simply placing a qualifying order online and selecting "In-Store or Curbside Pickup" at checkout at least one hour before the store's closing time.

Office Depot, OfficeMax Launch 20 Minute Pickup Service

Office Depot has announced its "20 Minute Pickup Promise," which will make orders placed on the retailer's website or mobile app available for in-store or curbside pickup in 20 minutes or the customer will receive a discount on their next qualifying purchase. Retailers have been competing on speed of delivery, pickup and other fulfillment services.

Office Depot aims to make orders available for in-store or curbside pickup in 20 minutes

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, a wholly owned subsidiary of The ODP Corporation (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores, today announced the launch of its “20 Minute Pickup Promise,” an industry leading in-store and curbside pickup service and guarantee available now at Office Depot and OfficeMax stores nation

Office Depot and OfficeMax Stores Launch ‘20 Minute Pickup Promise' in Time for the Holiday Season

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the “Company”), announced today that N. David Bleisch, Executive Vice President, Chief Legal & Administrative Officer and Corporate Secretary, will be leaving the Company, effective April 30, 2022. “The board of directors and ma

The ODP Corporation Announces Chief Legal and Administrative Officer to Leave the Company in Q2 2022

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the “Company”), announced today that Richard Haas, Senior Vice President and Chief Accounting Officer, will be leaving the Company, effective April 1, 2022, to pursue other interests. “We appreciate all of Richard's many contributio

The ODP Corporation Announces Chief Accounting Officer to Leave Company in Q2 2022

SAN FRANCISCO & BOCA RATON, Fla.--(BUSINESS WIRE)-- #KeepBusinessGoing--Office Depot will continue to sponsor Selfmade, Brit + Co's 10-week virtual startup school for women.

Brit + Co Launches Selfmade Season Five in Partnership with Office Depot

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

Why Is ODP Corp. (ODP) Up 0.9% Since Last Earnings Report?

Offices are changing and so are those stores that cater to it.

The ODP Corporation Has The Cash And Earnings To Navigate Troubled Times

ODP Corp. ODP, +1.99% has named the chief executives who will run ODP and Office Depot when the two companies complete their tax-free spinoff. Gerry Smith will continue to lead ODP and its operating companies, including the contract sales channel, which will be renamed ODP Business Solutions, and a new B2B digital platform technology business called Varis.

ODP Corp. and Office Depot name post-spinoff CEOs

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP” or the “Company”) (NASDAQ:ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, announced in May 2021, that its Board of Directors unanimously approved a plan to separate ODP into two independent, publicly-traded companies by means of a tax-free spin-off to ODP shareholders. The Company continues to make progress upon its plans to separate i

The ODP Corporation Announces Selection of Chief Executive Officers and Company Names Ahead of Planned Spin-Off

FORT MILL, S.C.--(BUSINESS WIRE)--CompuCom announced that it has become a Certified Microsoft Authorized Service Provider.

CompuCom Enhances Relationship with Microsoft to Advance the Digital Workplace Evolution

The ODP Corporation's (ODP) second-quarter performance gains on sales growth across divisions, owing to improved demand conditions.

The ODP Corporation (ODP) Q2 Earnings Miss Estimates, Sales Up

ODP Corporation (ODP) CEO Gerry Smith on Q2 2021 Results - Earnings Call Transcript

The ODP Corp. reported a second-quarter net loss of $88 million, or $1.62 per share, after a loss of $439 million, or $8.19 per share, last year. Adjusted EPS of 51 cents missed the FactSet consensus for 52 cents.

News for Office Depot Stock (ODP)