The Odp Corp Stock Price, News & Analysis

Office Depot has renewed its sponsorship of Selfmade, a 10-week virtual startup school for women, enabling 200 women to participate for free, focusing on underserved communities. The initiative has already provided 800 scholarships, empowering female entrepreneurs with personalized instruction and resources to launch and grow their businesses. This program highlights the company's commitment to supporting diversity in entrepreneurship, with notable instructors like Katrina Lake and Toni Ko. Selfmade aims to help women navigate business challenges while fostering community and collaboration.

The ODP Corporation (ODP) reported a 6% increase in 2Q21 sales to $2.3 billion, compared to $2.2 billion in 2Q20. Net loss narrowed to $88 million, or $(1.62) per share, versus $439 million, or $(8.19) per share, in the prior year. Adjusted operating income rose to $44 million from $10 million in 2Q20, while adjusted EBITDA increased to $93 million from $59 million. The Retail Division maintained flat sales despite fewer outlets, driven by strong demand in core categories. The company has $1.7 billion in available liquidity and is advancing its separation into two focused companies, expected to be completed in H1 2022.

The ODP Corporation (NASDAQ:ODP) plans to release its second quarter 2021 financial results on August 4, 2021, before market opening. A conference call for analysts and investors will be held at 9:00 AM ET on the same day, which will be accessible to the public through a webcast on the ODP Investor Relations website. The company is a leading provider of business services and digital workplace technology solutions via an integrated B2B distribution platform, operating approximately 1,100 stores and several banner brands.

Office Depot is preparing for a robust back-to-school season, offering a wide range of products from school supplies to technology. The company emphasizes its commitment to supporting students, parents, and teachers during a time of anticipated in-person learning. Key offerings include discounts of up to 55% off, special deals for teachers, and enhanced shopping options like 30-minute in-store pickup and same-day delivery. Office Depot also promotes a Give Back to Schools initiative, allowing customers to contribute to local education through their purchases.

Office Depot, a subsidiary of The ODP Corporation (NASDAQ:ODP), has improved its in-store and curbside pickup service, reducing the wait time to 30 minutes. Customers can place orders via the website or mobile app and select pickup options. If orders are not ready in time, a $5 discount is offered on the next purchase. This enhancement aims to meet evolving customer needs for speed and convenience, as noted by Kevin Moffitt, Chief Retail Officer. Office Depot also provides a range of services including same-day delivery and automatic subscriptions to streamline business operations.

Office Depot, a subsidiary of The ODP Corporation (NASDAQ:ODP), is offering a 20% discount on qualifying purchases to veterans, active military personnel, and their families across its stores nationwide. This promotion is available upon presenting valid military identification. CEO Gerry Smith expressed pride in supporting the military community and indicated future collaboration with Office Depot’s Military-Veterans Associate Resource Group to enhance support for this group. The initiative aims to appreciate those who serve and their families while boosting in-store sales.