Office Depot Stock News

David Einhorn's GLRE 13F stock portfolio value increased from $1.49B to $1.75B this quarter. The largest 3 positions are at ~48% of the portfolio.

ODP Corp (NASDAQ: ODP ) reported a fourth-quarter FY21 sales decline of 2% year-on-year, to $2.04 billion, beating the Street view of $1.98 billion. Business Solutions Division sales rose 2% Y/Y to $1.2 billion, and Retail division sales decreased 7% to $885 million. Adjusted EPS of $0.71 beat the consensus of $0.49. The gross profit declined 4.2% Y/Y to $432 million with a margin of 21.2%. Adjusted Full story available on Benzinga.com

The ODP Corporation (ODP) CEO Gerry Smith on Q4 2021 Results - Earnings Call Transcript

ODP (NASDAQ: ODP ) reported its Q4 earnings results on Wednesday, February 23, 2022 at 06:50 AM. Here''s what investors need to know about the announcement. Earnings ODP beat estimated earnings by 44.9%, reporting an EPS of $0.71 versus an Full story available on Benzinga.com

The ODP Corp. said Wednesday it had net income of $32 million, or 61 cents a share, in the fourth quarter, up from $31 million, or 57 cents a share, in the year-earlier period. Adjusted per-share earnings came to 71 cents, well ahead of the 49 cent FactSet consensus. Sales edged down to $2.042 billion from $2.085 billion, also ahead of the $1.983 billion FactSet consensus. The parent of Office Depot and OfficeMax business staples stores said the beat came against a macroeconomic backdrop challenged by supply chain constraints, inflation, and a slower pace of back-to-office trends, and it was able to raise prices to offset some of those. "Additionally, we advanced our new digital platform business, Varis, and remain very encouraged about our early progress," CEO Gerry Smith said in a statement. ODP has decided to delay the separation of its consumer business in the first half as it continues to evaluate an offer from Sycamore Partners and a third party, to avoid incurring separation costs.

ODP Earnings, Revenue Beat in Q4

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 results for the fourth quarter and full year ended December 25, 2021. Consolidated (in millions, except per share amounts) (1) 4Q21 4Q20 FY21 FY20 Sales $2,042 $2,085 $8,465 $8,872 Sales change from prior year period (2)% (5)% Operating inco

The ODP Corp. ODP, -3.13% said Wednesday it had net income of $32 million, or 61 cents a share, in the fourth quarter, up from $31 million, or 57 cents a share, in the year-earlier period. Adjusted pe

The stock market closed down on the day President Biden announced sanctions, saying the Russian invasion of Ukraine was underway. Steve Odland, CEO of The Conference Board and the former CEO of Office Depot and Autozone, joins CBS News to discuss the impact the Russia-Ukraine conflict is having on the markets and the impact on consumer confidence.

The ODP Corporation (NASDAQ:ODP) is scheduled to announce Q4 earnings results on Wednesday, February 23rd, before market open.The consensus EPS Estimate is $0.49 (-10.9% Y/Y) and

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Financial markets dropped after this morning''s Consumer Price Index report indicated a larger-than-expected rise in inflation. Steve Odland, CEO of The Conference Board and former CEO of Office Depot and AutoZone, joins CBS News'' Tanya Rivero and Nikki Battiste to discuss inflation rates as well as the results of The Conference Board''s latest survey of CEO confidence.

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

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

ODP sold CompuCom, albeit at a low price, is now free from this low-quality business line.