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.

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation to Announce Third Quarter 2023 Results Wednesday, November 8, 2023.

The ODP Corporation to Announce Third Quarter 2023 Results Wednesday, November 8, 2023

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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 to businesses and consumers, announced today that its executive vice president and chief financial officer, D. Anthony Scaglione, and vice president of investor relations and treasurer, Tim Perrott, will participate in a virtual fireside chat at the Sidoti Small Cap Virtual Conference on September 20th at appr.

The ODP Corporation to Participate in the Sidoti Small Cap Virtual Conference Wednesday, September 20th, 2023

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 to businesses and consumers, announced today that its executive vice president and chief financial officer, D. Anthony Scaglione, and vice president of investor relations and treasurer, Tim Perrott, will participate in the B. Riley Securities Consumer Conference on September 14th, 2023. About The ODP Corporati.

The ODP Corporation to Participate in the B. Riley Securities Consumer Conference Thursday, September 14th, 2023

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, a leading omnichannel retailer dedicated to helping its small business, home office, and education clients live more productive and organized lives through innovative products and services, today announced the launch of a new podcast series called “Imagine Success,” available now at officedepot.com/podcast and on major podcast platforms including Spotify and Apple Podcasts. The series will include thought-provoking conversations to inspire entrep.

Office Depot Launches New Podcast Series to Empower Small Business Owners

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot today announced that nearly $1.7 million was raised leveraging its retail footprint to help more than 900 Title I public schools get brand new school supplies, classroom furniture, tech and more, just in time for the new school year. The company partnered with Round It Up America® to enable every Office Depot and OfficeMax store to raise funds to support a Title I public elementary, middle or high school in the store's local community. As result o.

Office Depot and OfficeMax Stores Raise Nearly $1.7 Million to Help Teachers and Students Imagine Success

BOCA RATON, Fla.--(BUSINESS WIRE)--ODP Business Solutions, an operating company of The ODP Corporation (NASDAQ:ODP) and leading B2B provider of workplace and technology solutions, serving customers through a national footprint and hundreds of experienced business advisors, today announced the release of its 2023 Diverse Supplier Catalog, featuring the company's complete assortment of products sold by diverse vendors. ODP Business Solutions' diverse suppliers are certified minority-, women-, dis.

ODP Business Solutions Releases 2023 Diverse Supplier Catalog

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The ODP Corporation (NASDAQ:ODP ) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Tim Perrott - Vice President, Investor Relations & Treasurer Gerry Smith - Chief Executive Officer Anthony Scaglione - Executive Vice President & Chief Financial Officer Conference Call Participants Jeff Lick - B. Riley Michael Lasser - UBS Joe Gomes - Noble Capital Operator Good morning, and welcome to The ODP Corporation's Second Quarter 2023 Earnings Conference Call.

The ODP Corporation (ODP) Q2 2023 Earnings Call Transcript

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the second quarter ended July 1, 2023. Consolidated (in millions, except per share amounts) 2Q23 2Q22 YTD23 YTD22 Selected GAAP and Non-GAAP measures:         Sales $1,908 $2,034 $4,016 $4,212 Sales change from prior year period (6)%   (5)%   Operating income $46 $28 $141 $104 Ad.

The ODP Corporation Announces Second Quarter 2023 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--Teachers, parents and students from kindergarten to college can find everything they need to succeed this school year at Office Depot and OfficeMax stores and online at officedepot.com/backtoschool. From the latest school supplies including a huge selection of top-brand notebooks and binders, JanSport® backpacks, BIC® pens, Sharpie® markers and Crayola® crayons, plus classroom tools and décor, and so much more, Office Depot is ready to help shoppers kick the n.

Office Depot Helps Kick the New School Year Into Gear With Savings, Exclusive Promotions for Rewards Members, Free 20-Minute In-Store Pickup and More

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 to businesses and consumers will announce second quarter 2023 financial results before the market open on Wednesday, August 9th, 2023. 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.

The ODP Corporation to Announce Second Quarter 2023 Results Wednesday, August 9, 2023

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP), a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced that over $2.5 million worth of educational supplies and equipment will be provided to students and teachers of Title I elementary schools across the country as a result of The ODP Corporation's philanthropic program Start Proud!® and the generosity of our many vendor part.

The ODP Corporation Celebrates Sixth Year of its Start Proud! Program, Donates $2.5 Million in Back-to-School Essentials for Title I Schools Nationwide

Office Depot's 3rd Annual Back-to-School Survey Provides Insights Into Teachers' and Parents' Attitudes on the Back-to-School Season

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP), a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the release of its 2023 Corporate Sustainability Report, providing information on the company's environmental, social and governance (ESG) practices and goals. “We're excited about the value that our realigned four-business unit structure creates for all our stakeholders a.

The ODP Corporation Releases 2023 Sustainability Report

ODP Corp. has had a tough last 2 years as it emerged out of the COVID crisis which disrupted its traditional office supply. It underwent a series of transformational changes including closing a third of underperforming stores, driving cost efficiencies, and repurchasing $350 mn in stock. Earnings momentum remains intact after it reported strong earnings and maintaining its FY23 guidance.

ODP Corporation: Return To Office And Shareholder Value

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP,” or the “Company”) (NASDAQ:ODP), a leading provider of products, services, and technology solutions to businesses and consumers, today announced results for the first quarter ended April 1, 2023. Consolidated (in millions, except per share amounts) 1Q23 1Q22 Selected GAAP and Non-GAAP measures:     Sales $2,108 $2,178 Sales change from prior year period (3)%   Operating income $95 $76 Adjusted operating income (1) $99 $88 Net income.

The ODP Corporation Announces First Quarter 2023 Results

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot's First Annual Home Office Survey revealed that having a dedicated office space when working from home is more important than ever. In the new survey of 2,000 people who work mostly or entirely remotely, over half (63%) now work primarily from a dedicated home office. Whereas prior to the pandemic, when respondents worked outside of the office, they reported working from a hotel (43%), a friend or family member's home (36%) or a coffee shop (28%).

Office Depot Survey Reveals More Than a Third of Respondents Could Not Do Their Jobs With Their Original Home Office Setups

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 to businesses and consumers will announce first quarter 2023 financial results before the market open on Wednesday, May 10, 2023. 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 liste.

The ODP Corporation to Announce First Quarter 2023 Results Wednesday, May 10, 2023

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 to businesses and consumers, today announced that it is expanding its longstanding relationship with Microsoft to include Microsoft Azure OpenAI Service advanced artificial intelligence technology to enhance customer experience, drive operational efficiencies, and more effectively pursue growth opportunities.

The ODP Corporation Expands Collaboration with Microsoft to Leverage the Power of AI Technology from Microsoft Azure OpenAI Service

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (NASDAQ:ODP) will kick off the company's sixth annual Day of Service company-wide philanthropic initiative on April 22 with a $250,000 donation to Boys & Girls Clubs of America to support kids and teens across the country.

The ODP Corporation Celebrates 6th Annual 'Day of Service' with $250,000 Donation to Boys & Girls Clubs of America

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 to businesses and consumers, today announced that it completed the sale of its Boca Raton-based corporate headquarters to a buying entity for approximately $104 million.

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