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ODP Corporation (The) - ODP STOCK NEWS

Welcome to our dedicated news page for ODP Corporation (The) (Ticker: ODP), a resource for investors and traders seeking the latest updates and insights on ODP Corporation (The).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ODP Corporation (The)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ODP Corporation (The)'s position in the market.

News
The ODP Corporation to Participate in the UBS Global Consumer & Retail Conference Wednesday, March 13th, 2024
Rhea-AI Summary
The ODP Corporation (NASDAQ:ODP) executives to participate in UBS Global Consumer & Retail Conference on March 13th, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
conferences
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News
The ODP Corporation Partners with Matthews South for Execution of New Share Repurchase Program
Rhea-AI Summary
The ODP Corporation partners with Matthews South to enhance the efficiency of its $1 billion share repurchase program. The collaboration aims to optimize the initial quarterly execution of the repurchases, leveraging data-driven analytics and software solutions to maximize long-term value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
buyback partnership
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News
The ODP Corporation Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
The ODP Corporation (NASDAQ:ODP) reported solid operating performance and strong adjusted EPS growth in 2023 driven by a low-cost business model and disciplined capital allocation. They repurchased 6 million shares for $298 million, launched 'Project Core' to streamline operations, approved a new $1 billion share repurchase authorization, and provided 2024 guidance. Financially, sales were down, operating income decreased, and adjusted net income and earnings per share were lower compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.74%
Tags
earnings
News
The ODP Corporation to Announce Fourth Quarter and Full Year 2023 Results Wednesday, February 28, 2024
Rhea-AI Summary
The ODP Corporation (NASDAQ:ODP) will announce its Q4 and full year 2023 financial results on February 28th, 2024, followed by a webcast for analysts and investors. The company offers business services, products, and digital workplace technology solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
earnings
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News
The ODP Corporation Provides Leadership Update
Rhea-AI Summary
ODP Corporation announced the return of CEO Gerry Smith from temporary medical leave, effective February 1, 2024. David Szymanski, a long-time member of ODP's Board of Directors, will retire from the board on February 13. Mr. Smith expressed gratitude for the support during his absence and excitement to resume his position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
none
-
News
Office Depot Improves In-Store Task Completion Rate by 42% with Zebra Workcloud
Rhea-AI Summary
Zebra Technologies Corporation (ZBRA) and Office Depot Inc. (ODP) announced that the retailer has achieved a 90% task completion rate and a 42% increase in efficiency with Zebra Workcloud software and Zebra’s mobile computing solutions. Office Depot has reduced overtime costs by 95%, lowered scheduling time from three hours to 30 minutes a week, and saved 6% in payroll annually.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
none
News
The ODP Corporation Announces HG Vora Representative Steps Down from Board of Directors
Rhea-AI Summary
The ODP Corporation (ODP) announced that Marcus Dunlop, partner at HG Vora, has stepped down from the ODP Board of Directors, effective December 31, 2023, following the expiration of the January 2021 Cooperation Agreement between the Company and HG Vora. HG Vora, an important independent shareholder of ODP, owns 3.0 million shares, or approximately 8% of the Company’s outstanding common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.98%
Tags
management
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News
The ODP Corporation Comments on AREX Capital Letter
Rhea-AI Summary
The ODP Corporation (NASDAQ:ODP) responds to the open letter from AREX Capital Management, welcoming shareholder input and expressing commitment to evaluating the company's strategic plan and approach to capital allocation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
-
News
The ODP Corporation Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index for Twelfth Consecutive Year
Rhea-AI Summary
The ODP Corporation (NASDAQ:ODP) received a perfect score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), showcasing its commitment to LGBTQ+ workplace equality. The company has been recognized as a top-scoring company for 12 consecutive years, joining 545 other major U.S. businesses. The CEI now includes 1,384 participants, with a record-breaking 1,340 businesses providing non-discrimination protections specific to gender identity, covering 21 million employees in the U.S. and globally. The ODP Corporation has earned the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion, demonstrating its dedication to fostering an inclusive workplace environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.56%
Tags
none
News
The ODP Corporation to Present at the Noble Capital Markets’ Nineteenth Annual Emerging Growth Equity Conference Monday, December 4th, 2023
Rhea-AI Summary
The ODP Corporation (ODP) to present at Noble Capital Markets’ Nineteenth Annual Emerging Growth Equity Conference. D. Anthony Scaglione and Tim Perrott to present on December 4th, 2023, at 3:00 pm (ET). Replay available on investor.theodpcorp.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.36%
Tags
conferences acquisition
Stock ODP logo
ODP Corporation (The)

Nasdaq:ODP

ODP Rankings

#1910 Ranked by Market Cap
#1213 Ranked by Stock Gains
N/A Ranked by Dividends

ODP Stock Data

1.85B
32.66M
3.21%
107.34%
9.1%
Office Supplies and Stationery Stores
Retail Trade
Link
United States
Boca Raton

About ODP

office depot® officemax® is a leading provider of office products and services for people like you that are taking care of business. so, whatever the day brings, we’ve got your back. office depot® officemax® is a resource and a catalyst to help customers work better. we are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials. the company had 2016 annual sales of approximately $11 billion, employed approximately 38,000 associates, and served consumers and businesses in north america and abroad with approximately 1,400 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – with a global network of wholly owned operations, franchisees, licensees and alliance partners. the company operates under several banner brands including office depot®, officemax® and grand & toy. t