Trade The ODP Corp - ODP CFD

The ODP Corporation Company profile

About ODP Corp

The ODP Corporation is a holding company that provides business services and supplies, products and digital workplace technology solutions to small, medium-sized and enterprise businesses. The Company’s segments include Business Solutions Division and Retail Division. The Business Solutions Division sells nationally branded as well as the Company’s private branded office supply and adjacency products and services. The Retail Division includes a chain of retail stores, which sells office supplies, technology products and solutions, business machines and related supplies, cleaning, breakroom and facilities products, personal protective equipment, and office furniture, as well as offer business services. The Company offers its solutions under the brands Office Depot, OfficeMax and Grand & Toy.

Financial summary

BRIEF: For the fiscal year ended 25 December 2021, ODP Corp revenues decreased 5% to $8.47B. Net income before extraordinary items totaled $187M vs. loss of $63M. Revenues reflect Retail Division segment decrease of 8% to $3.84B, Business Solutions Division segment decrease of 2% to $4.6B, Retail Sales, Total decrease of 8% to $3.84B, Catalog Sales, Total decrease of 2% to $4.6B.

Equity composition

Common Stock $.01 Par, 03/11, 800M auth., 283,486,355 issd., less 5,915,268 shs. in Treas. @ $57.7M. Insiders own 1.12% IPO 6/88, 2.1M shares @ $10 by Merrill Lynch. PO 8/95, 15.5M shs @ $29.25 by Merrill Lynch. FY'99-'00 and FY'00 Q's are reclassified. FY'01 Q's are reclassified.