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 Q1 2023

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Earnings data Q1 2024

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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.

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.

Office Depot - Opportunity Didn't Just Knock, It Beat The Door Down

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

Office Depot (ODP) Down 4.3% Since Last Earnings Report: Can It Rebound?

Office Depot's weak start of 2019, has caused the stock to plummet 47%.

Office Depot: Valued For Distress, But The Business Is Turning Around.

Office Depot Inc. shares sank 7.7% in Thursday trading after the office supply retailer reported a profit and sales decline, raising concerns that Amazon.com Inc. is snapping up market share.

Office Depot shares sink as Amazon snaps up market share

The office products retailer warned investors that a weak quarterly report was on the way -- and it was right.

Why Office Depot Stock Sank 33.9% in April

Office Depot's (ODP) first quarter sales and earnings fell year over year. Dismal performance at the CompuCom division have a direct bearing on its total sales and operating income.

Office Depot (ODP) Q1 Earnings Top, Fall Y/Y, View Revised

Office Depot, Inc. (ODP) CEO Gerry Smith on Q1 2019 Results - Earnings Call Transcript

Office Depot Inc. (NASDAQ: ODP) released its first-quarter financial results before the markets opened on Wednesday.

Is Office Depot Finally Back on Track?

Office Depot (ODP) delivered earnings and revenue surprises of 16.67% and 0.23%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Office Depot (ODP) Q1 Earnings and Revenues Surpass Estimates

If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be down 12.50 percent.

Office Depot's Q1 Earnings Preview

Office Depot (ODP) added that the segment's muted performance will have a direct bearing on total revenues and operating income during the first quarter of 2019.

Office Depot (ODP) to Report Q1 Earnings: What's in Store?

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Earnings Preview: Office Depot (ODP) Q1 Earnings Expected to Decline

Even with major investments being made in store refreshes, supply chain technology, and its e-commerce platform, the company is a cash generating machine.

Office Depot: Oversold On Short-Term Executional Issues

Office Depot forecast adjusted operating income of approximately $65 million, including an operating loss of about $15 million for CompuCom division.

Office Depot Stock Plunges on Soft Q1 Sales Warning

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Why Office Depot Slumped Today

Office Depot Inc.  is at "high risk" of becoming a victim of Amazon.com Inc.

Office Depot is at 'high risk' of becoming a victim of Amazon encroachment: analyst

Shares of the office supplies retailer were moving lower on a weak preliminary earnings report.

Why Office Depot Stock Tumbled Today

Office Depot Inc. shares took a dive on Thursday after the company issued a warning for its fiscal first-quarter earnings.

Is Office Depot Done After This Warning?

Shares of Office Depot Inc. sank 7.2% in premarket trade Thursday.

Office Depot's stock drops after warning on revenue, CompuCom performance

Office Depot (ODP) Up 7.2% Since Last Earnings Report: Can It Continue?

Office Depot Inc. shares fell in the extended session Wednesday .

Office Depot stock falls on computer-repair scheme settlement

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News for Office Depot Stock (ODP)