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 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.

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.

The ODP Corporation Completes Sale and Partial Leaseback of Its Corporate Headquarters

Few human activities seem as diverse as shopping in today's competitive commercially-driven society. That makes Retail Specialty store businesses a potentially rich proving ground for investment-opportunity comparisons. Hence ODP Corporation, in comparison to a clutch of other businesses aimed at the consumer's intended but often failed focus on resources to further specific business activities.

ODP Corporation: Best Near-Term Capital Gain Retail Specialty Stock Prospect

The ODP Corporation to Participate in Canaccord Genuity Capital Markets eCommerce Sustainable Advantage Forum Thursday, March 23, 2023

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot's Second Annual Women's Small Business Survey revealed that 2022 was a stressful year for female entrepreneurs. In the new survey of 1,000 female small business owners, over half (63%) of those who opened their business prior to 2022 said the past year has been the most challenging for their business for a myriad of reasons including fatigue, finding employees, funding, marketing and more.

Office Depot Survey Reveals Over Half of Female Small Business Owners Felt 2022 Was the Most Challenging Year Yet

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, will participate in a fireside chat at the UBS Global Consumer & Retail Conference on March 15th, at approximately 2:00 pm (ET).

The ODP Corporation to Attend UBS Global Consumer & Retail Conference Wednesday, March 15, 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 has agreed to repurchase 2 million shares of common stock of the Company from HG Vora Special Opportunities Master Fund, Ltd. (“HG Vora”), at a price per share equal to $44.55, for a total purchase price of approximately $89.1 million.

The ODP Corporation Announces Common Stock Repurchase from HG Vora

BOCA RATON, Fla.--(BUSINESS WIRE)--Office Depot, a leading omnichannel retailer dedicated to helping its small business, home office and education customers live more productive and organized lives through innovative products and services, today announced the launch of its new brand platform, Imagine Success™, created to help customers fuel their passions, power their potential and achieve their goals.

Office Depot Introduces New Imagine Success™ Brand Platform To Support Customers' Unique Visions of Success

ODP Corp (NASDAQ:ODP ) Q4 2022 Earnings Conference Call March 1, 2023 9:00 AM ET Company Participants Timothy Perrott - VP, IR Gerry Smith - CEO & Director Diego Scaglione - EVP & CFO Conference Call Participants Operator Good morning and welcome to the ODP Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call. I would like to introduce Tim Perrott, Vice President, Investor Relations and Treasurer, Mr.

ODP Corp (ODP) Q4 2022 Earnings Call Transcript

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 results for the fourth quarter and full year ended December 31, 2022.

The ODP Corporation Announces Fourth Quarter and Full Year 2022 Results

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 will be hosting a demonstration of the Varis platform at Nasdaq in New York City on Thursday, March 2, 2023, at 1:00 pm ET.

The ODP Corporation to Host a Demonstration of the Varis Platform on Thursday, March 2, 2023

BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation (“ODP”) (NASDAQ:ODP), a leading provider of products, services and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the appointment of Max Hood as Senior Vice President, Chief Accounting Officer & Controller, effective February 26, 2023.

The ODP Corporation Appoints Max Hood Senior Vice President, Chief Accounting Officer & Controller

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 fourth quarter and full year 2022 financial results before the market open on Wednesday, March 1, 2023.

The ODP Corporation to Announce Fourth Quarter and Full Year 2022 Results Wednesday, March 1, 2023

BOCA RATON, Fla.--( BUSINESS WIRE )--ODP Business Solutions, LLC, a leading provider of workplace and technology solutions helping businesses of all sizes adapt and thrive, today announced it will be servicing one of the California mandatory Statewide Contracts for PC Goods to supply Lenovo technology – covering desktops, thin desktops, laptops, Chromebooks, monitors, and accessories to the Department of General Services, Procurement Division.

ODP Business Solutions Awarded California Statewide Mandatory PC Goods Contracts for Lenovo Technology PC Products

NOIDA, India & BOCA RATON, Fla.--( BUSINESS WIRE )--HCLTech, a leading global technology company, today announced that The ODP Corporation (“ODP”) (NASDAQ:ODP), a leading provider of products, services and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, has selected the company as its primary IT partner. HCLTech will be the IT partner for ODP for end-to-end IT operations and enterprise-wide digital transformation to support ODP's business strategy in its Office Depot, ODP Business Solutions and Veyer business units.

HCLTech and The ODP Corporation Announce Agreement for IT and Digital Transformation Services

Fintel reports that HG Vora Capital Management, LLC has filed a 13D/A form with the SEC disclosing ownership of 5,000,000 shares of Office Depot, Inc.

Activist Vora and Office Depot Sign Revised Agreement: Changes to Board Composition, Ownership Requirements, and Agreement Term

Two helpful info sources blended here: Seeking Alpha reader-interest stock lists grouped by industry focus; blockdesk.com insights of Market-maker near-term likely coming price ranges. Our example is SA's list of several hundred in-production specialty retail services stocks, matched up with blockdesk.com institutional-investor-driven irregular demands for multi-million $ buy or sell transactions.

ODP Corporation: Office Technology Stock Price Capital-Gain Prospect

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, is offering thousands of deals on everything from office desks and chairs, laptops, and monitors to planners, calendars, paper and more. With quick and convenient shopping and delivery options, including an industry-leading 20-minute in-store and curbside pickup service, Office Depot is helping clients finish the year strong and prepare for the new year.

Office Depot Helps Last-Minute Shoppers with Thousands of Deals and Quick Delivery and Pickup Options This Holiday Season

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The ODP Corporation Named a 2022 Safer Choice Partner of the Year Award Winner by the EPA

The ODP Corporation (NASDAQ:ODP ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Tim Perrott - Vice President, Investor Relations Gerry Smith - Chief Executive Officer Anthony Scaglione - Executive Vice President, Chief Financial Officer Zoe Maloney - Chief Human Resources Officer David Centrella - Executive Vice President, and President of ODP Business Solutions Kevin Moffitt - Executive Vice President, and President of Office Depot John Gannfors - Executive Vice President, and President of Veyer Prentis Wilson - Lead of Varis Tim Perrott Good morning, and thank you for joining us for The ODP Corporation's Third Quarter 2022 Earnings Conference Call and Investor Day meeting. This is Tim Perrott.

The ODP Corporation (ODP) Q3 2022 Earnings Call Transcript

Round led by Generation Investment Management and A.P. Moller Holding to accelerate project44's vision for supply chain and emissions visibility CHICAGO , Nov. 3, 2022 /PRNewswire/ -- project44, the leading supply chain visibility platform, announced today that it raised an $80M funding round led by Generation Investment Management, the sustainable investment management firm, and A.P.

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