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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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.

ODP Corp. (ODP) delivered earnings and revenue surprises of -5.56% and 0.61%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

ODP Corp. (ODP) Q2 Earnings Lag Estimates

Shares of ODP (NASDAQ:ODP) fell 3.9% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 828.57% year over year to $0.51, which missed the estimate of $0.62.

ODP: Q2 Earnings Insights

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ: ODP), today announced results for the second quarter ended June 26, 2021

The ODP Corporation Announces Second Quarter 2021 Results

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.

ODP Corp. (ODP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation will announce second quarter 2021 financial results before the market open on Wednesday, August 4, 2021.

The ODP Corporation to Announce Second Quarter 2021 Earnings Results Wednesday, August 4, 2021

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot is committed to being the trusted partner to students, parents and teachers during a highly anticipated back-to-school season.

Keep School Going This Year with Products and Solutions for Students, Parents and Teachers from Office Depot

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation announced the release of the company's 2021 Corporate Sustainability Report.

The ODP Corporation Releases 2021 Sustainability Report

Does ODP Corp. (ODP) have what it takes to be a top stock pick for momentum investors? Let's find out.

ODP Corp. (ODP) Is Up 7.86% in One Week: What You Should Know

The ODP Corporation's (ODP) subsidiary, Office Depot, has enhanced its in-store and curbside pickup orders to 30 minutes.

The ODP Corporation's (ODP) Office Depot Boosts Pickup Services

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot and OfficeMax stores now offer free 30-minute in-store and curbside pickup for qualifying online and mobile orders.

Office Depot and OfficeMax Stores Guarantee Free 30-Minute In-Store and Curbside Pickup for Customers Nationwide

ODP Corp. (ODP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

ODP Corp. (ODP) Is Attractively Priced Despite Fast-paced Momentum

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, wishes to thank those who served and continue to serve our country and their families with an opportunity to enjoy an exclusive discount on select purchases at Office Depot and OfficeMax sto

Office Depot Thanks Current and Former Service Members and Their Families With New Military Discount Available at Stores Nationwide

SAN FRANCISCO & BOCA RATON, Fla.--(BUSINESS WIRE)--Brit + Co and Office Depot will continue to provide opportunities for female entrepreneurs with Selfmade, Brit + Co's 10-week virtual startup school.

Brit + Co Launches Selfmade Season Four in Collaboration with Office Depot

NEW YORK--(BUSINESS WIRE)--Doremus & Co. announced that Office Depot has hired the agency as the lead strategy and creative partner for its Business Solutions Division.

B2B Agency Doremus & Co. Picks Up Strategic & Creative Responsibilities for Office Depot

The ODP Corporation (ODP) is carefully reviewing Staples proposal to acquire its consumer business.

Staples Offers to Buy The ODP Corporation's (ODP) Consumer Unit

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USR Parent, the corporate parent of Staples office supply stores, said Friday (June 4) that it has formally offered to pay $1 billion for the businesses operating as Office Depot and Office Max, according to a press release. The price is based on an offer to ODP Corp., which operates Office Depot and OfficeMax retail […]

Staples Makes $1 Billion Bid For Office Depot, OfficeMax

ODP's business services segment may be a hidden gem that deserves a premium valuation. A recent bid from Staples for the retail operations, if successful, may unlock that value over time.

ODP Could Enjoy A Material Re-Rating Once Retail Assets Are Sold

(Reuters) -Staples said on Friday it had offered to buy Office Depot owner ODP Corp's consumer business for $1 billion, the latest effort by the office supplies retailer to acquire its rival's assets.

Staples offers to buy Office Depot owner's consumer business for $1 billion

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 with an online presence and approximately 1,100 stores, today confirmed that its Board of Directors has received a proposal from USR Parent, Inc. (“Staples”), the parent company of Staples and a portfolio company of Sycamore Partners, to acquire the Company's co

The ODP Corporation Confirms Receipt of Staples Proposal to Acquire Consumer Business

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

Why Is ODP Corp. (ODP) Up 0.2% Since Last Earnings Report?

Shares of ODP Corp. rallied 5.1% in premarket trading Friday, after the office supplies retailer received an unsolicited $1.0 billion bid from Staples parent USR Parent Inc. to buy ODP's consumer business, which includes the Office Depot and OfficeMax retail stores business. USR Parent, which is backed by Sycamore Partners, sent a letter to ODP's board of directors proposing the acquisition, which is valued at $18.27 a share.

ODP stock rallies after Staples makes $1 billion bid for Office Depot, OfficeMax parent's consumer business

FRAMINGHAM, Mass., June 4, 2021 /PRNewswire/ -- USR Parent, Inc. ("Staples") today said it had sent a letter to the Board of Directors of The ODP Corporation (NASDAQ: ODP) outlining a $1.0 billion or $18.27 per share proposal to acquire The ODP Corporation's consumer business, including the Office Depot and OfficeMax retail stores business, the Company's direct channel business (officedepot.com), and the Office Depot and OfficeMax intellectual property, including all brand names.

Staples Proposes To Acquire The ODP Corporation's Consumer Business

FORT LAUDERDALE, Fla., June 3, 2021 /PRNewswire/ -- Zimmerman Advertising, an Omnicom Group company and the leading integrated, retail agency in the country, announced today that 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, has hired the agency as a partner for marketing support.

Zimmerman Advertising Hired by Office Depot as a Partner for Strategy and Creative

BOCA RATON, Fla.--(BUSINESS WIRE)-- #diversesuppliers--Office Depot released its 2021 Diverse Supplier Catalog, featuring the company's complete assortment of products sold by diverse vendors.

News for Office Depot Stock (ODP)