The Latest Breaking News from ODP

With inflation falling for the sixth consecutive month in December, Fed Chair Powell believes that the disinflationary process has begun. With indications that the Fed might stop rate increases before the target range, investors could look to add fundamentally strong growth stocks ADT Inc. (ADT), Rambus (RMBS), The ODP Corporation…

Inflation eased again in November, which could allow the Fed to slow interest-rate hikes into the following year. Overall, the odds of the economy avoiding an anticipated recession are increasing. Given this backdrop, quality stocks CVS Health (CVS), ADT (ADT), ODP Corporation (ODP), and Universal Logistics (ULH) will likely see…

Retail sales have remained resilient amid inflationary pressures, underscoring Americans’ spending power and stable demand. So, we think the stocks of fundamentally sound specialty retail companies Ulta Beauty (ULTA), The ODP Corporation (ODP), and Live Ventures (LIVE) could be good additions to one’s portfolio now. These stocks have outperformed the…

Consumer cyclical stocks have witnessed a substantial price dip amid bearish consumer sentiment and contracting macroeconomic growth rates. However, consumer spending remains strong and could help fundamentally sound consumer cyclical companies ODP (ODP), Movado Group (MOV), and TravelCenters of America (TA) to perform well despite the economic turbulence. Thus, we…

ODP Corp (NASDAQ:ODP) reported a first-quarter FY22 sales of $2.18 billion, flat Y/Y, beating the consensus of $2.13 billion. Business Solutions Division sales climbed 9% Y/Y, while Retail division sales decreased 9%. Adjusted EPS of $1.27 beat the analyst consensus of $0.79. Gross profit declined 2.2% Y/Y to $484 million with a margin…

  ODP (NASDAQ:ODP) reported its Q1 earnings results on Wednesday, May 4, 2022 at 07:50 AM. Here's what investors need to know about the announcement. Earnings ODP beat estimated earnings by 60.76%, reporting an EPS of $1.27 versus an estimate of $0.79.

ODP (NASDAQ:ODP) is set to give its latest quarterly earnings report on Wednesday, 2022-05-04. Here's what investors need to know before the announcement. Analysts estimate that ODP will report an earnings per share (EPS) of $0.79.

Rising discretionary spending with the economy's recovery is driving the specialty retail industry’s growth, despite the rising inflation and supply chain disruptions. Therefore, it could be wise to invest in winning retail stocks, ODP Corp.(ODP) and Live Ventures (LIVE), which still have plenty of upside left.

ODP Corp (NASDAQ:ODP) said its wholly-owned subsidiary, Office Depot, has partnered with the online grocery platform, Instacart. Under the agreement, the parties will offer same-day delivery from more than 1,000 Office Depot and OfficeMax stores across the U.S. More than 70 million U.S. households can shop from office and school supplies from Office Depot through…

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…

  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.