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 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) fourth-quarter results reflect challenges posed by the ongoing COVID-19 crisis. Total sales decline 9% year over year.

The ODP Corporation's (ODP) Q4 Earnings Miss, Decline Y/Y

The company behind the OfficeMax and Office Depot office-supplies chains missed Wall Street's fourth-quarter earnings targets by a country mile.

Why ODP Shares Fell Today

The ODP Corporation (ODP) CEO Gerry Smith on Q4 2020 Results - Earnings Call Transcript

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ: ODP) today announced results for the fourth quarter and full year ended December 26, 2020.

The ODP Corporation Announces Fourth Quarter and Full Year 2020 Results

The ODP Corporation's (ODP) fourth-quarter results are likely to reflect the impact of coronavirus. Nonetheless, the company's Business Acceleration Program is likely to have provided some cushion.

The ODP Corporation (ODP) to Post Q4 Earnings: What's in Store?

BOCA RATON, Fla. & REDMOND, Wash.--(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, today announced that ODP is expanding its longstanding relationship with Microsoft to drive growth and efficiencies across both shared and new B2B customers. As part of the collaboration, ODP will leverage Microsoft Azure to migrate existing workloads and legacy systems

The ODP Corporation Teams Up with Microsoft to Transform How Businesses Buy and Sell

The ODP Corporation, the corporate parent of Office Depot and OfficeMax, has acquired BuyerQuest Holdings, which operates in the procure-to-pay space, the companies announced in a press release. Terms of the transaction were not disclosed in the release or in filings with the Securities and Exchange Commission (SEC).

Office Depot Parent Buys BuyerQuest To Bolster B2B Strategy

The ODP Corporation's (ODP) acquisition of BuyerQuest is likely to help it provide improved corporate e-commerce services.

The ODP Corporation (ODP) BuyerQuest Buyout to Boost P2P Services

ODP Corporation's (ODP) acquisition of BuyerQuest is likely to help it provide improved corporate e-commerce services.

ODP Corporation (ODP) BuyerQuest Buyout to Boost P2P Services

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, today announced that it has acquired BuyerQuest Holdings, Inc., a leader in cloud-based enterprise Procure-to-Pay (P2P) software. The acquisition accelerates ODP's technology development and enables it to deliver an integrated, eCommerce, P2P, and supply chain platform designed to trans

The ODP Corporation Accelerates Digital Transformation with the Acquisition of BuyerQuest Holdings, Inc., a Recognized Leader in Procure-to-Pay Software

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, today announced that it hired Prentis Wilson to further drive the company's digital transformation, leading a new technology business focused on transforming B2B sourcing, purchasing, and supply chain for suppliers and buyers. Wilson is responsible for helping establish and scale the ne

Prentis Wilson, B2B Technology Veteran, Joins The ODP Corporation

SAN FRANCISCO & BOCA RATON, Fla. & KANSAS CITY, Mo.--(BUSINESS WIRE)--Brit + Co launches third season of Selfmade, a virtual startup school for women, in collaboration with Office Depot and Block Advisors

Brit + Co Launches Selfmade Season Three in Collaboration with Office Depot and Block Advisors

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 host an enhanced earnings event on Wednesday, February 24, 2021. This event will include prepared remarks from senior management covering the Company's performance in 2020, outlook for 2021, capital deployment plans, and an update on its digital transformation efforts. Due to recent

The ODP Corporation to Announce Fourth Quarter and Full Year 2020 Results Through an Enhanced Earnings Event to be Held on Wednesday, February 24, 2021

ODP Corp. (ODP) closed at $47.50 in the latest trading session, marking a +1.56% move from the prior day.

ODP Corp. (ODP) Outpaces Stock Market Gains: What You Should Know

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP) today announced the launch of Elevate Together™ powered by Round It Up America®, a new nonprofit initiative.

The ODP Corporation Launches Nonprofit Initiative to Help Accelerate the Creation, Growth and Prosperity of Minority-Owned Small Businesses

Investors are looking for a nice buyout premium in some sort of merger with privately held rival Staples.

How ODP Corporation Stock Rose 45.7% in January

HG Vora recently added a representative to the board of directors at the ODP Corp., an office supply retailer.

A new breed of activist takes a board seat at Office Depot's parent company

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, today announced the appointment of Marcus B. Dunlop, a partner at HG Vora Capital Management, LLC (“HG Vora”), to the Company's Board of Directors. This appointment expands the Board to ten directors. “We are pleased to welcome Marcus to ODP's Board,” said Joseph

The ODP Corporation Appoints Marcus B. Dunlop to Board of Directors

Office Depot (ODP) closed at $47.48 in the latest trading session, marking a -0.06% move from the prior day.

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

ODP Corporation (ODP) informed that it is open for a limited deal, which has a better chance to receive regulatory clearances.

ODP Turns Down Stapes Buyout Offer, Proposes Alternative Plan

Office Depot rejected a takeover offer from its archrival Staples on Tuesday, instead offering a counterproposal that it said would invite less scrutiny from antitrust regulators. The office supply chain said it would be open to combining its retail and e-commerce business with Staples, which would leave essentially one national office supply chain.

Office Depot rejects Staples takeover offer, sends counterproposal

Office Depot is rejecting a $2.1 billion offer from Staples to buy the company outright, but is offering to either sell just Office Depot's retail business or combine Office Depot and Staples stores and run them as a joint venture. In a letter Tuesday (Jan. 19) to Staples' parent company, Office Depot owner ODP Corp.'s […]

Office Depot Rejects Staples' $2.1 Billion Bid, Offering Smaller Deal Or JV Instead

There were perfectly good reasons to approve the deal last time, and now there might be even more.

Staples-Office Depot Merger: Will the Third Time Be the Charm?

The Staples-Office Depot deal saga continues.

Office Depot snubs Staples for $2.1B deal: Report

The parent company of Office Depot said it would be open to another deal that draws less scrutiny from antitrust regulators, according to the report.

News for Office Depot Stock (ODP)