OverviewSuggest Edit

Office Depot is a provider of business services and supplies, products and technology solutions to small, medium and enterprise businesses. The company operates through a fully integrated B2B distribution platform of retail stores, online presence, and sales professionals and technicians. Its product offerings include paper, writing instruments, office supplies, and cleaning and breakroom supplies, as well as toner and ink, printers, computers, tablets and accessories, electronic storage, and furniture, such as desks, seating, and luggage. Office Depot provides a wide range of technology services, including end-user computing support, managed IT services, data center monitoring and management, service desk, network infrastructure, IT workforce solutions, mobile device management, cloud services, and equipment installation and repair. It also offers copy, print, and other services, such as printing of business cards, banners, documents, and promotional products, copying and photo services, managed print and fulfillment services, and product and service subscriptions.

TypePublic
Founded1986
HQBoca Raton, US
Websiteofficedepot.com

Latest Updates

Employees (est.) (Jan 2019)44,000(-2%)
Job Openings3,619
Revenue (FY, 2018)$11 B(+8%)
Share Price (Dec 2019)$2.3 (+3%)

Key People/Management at Office Depot

Gerry P. Smith

Gerry P. Smith

Chief Executive Officer
N. David Bleisch

N. David Bleisch

Executive Vice President, Chief Legal & Administrative Officer, and Corporate Secretary
Jerri Devard

Jerri Devard

Executive Vice President, Chief Customer Officer
John W. Gannfors

John W. Gannfors

Executive Vice President, Chief Merchandising and Supply Chain Officer
Todd Hale

Todd Hale

Executive Vice President and Chief Information Officer
Joe Lower

Joe Lower

Executive Vice President and Chief Financial Officer
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Office Depot Office Locations

Office Depot has offices in Boca Raton, Antwerpen, Hostivice, Senlis and in 11 other locations
Boca Raton, US (HQ)
6600 N Military Trl
Antwerpen, BE
Lange Lozanastraat 142
Hostivice, CZ
Floriánova 2461
Senlis, FR
126 Avenue du Poteau
Großostheim, DE
Linus-Pauling-Straße 2
Dublin, IE
15 Ballycoolin Rd, Blanchardstown
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Office Depot Financials and Metrics

Office Depot Revenue

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View revenue for all periods
Office Depot's revenue was reported to be $11.02 b in FY, 2018 which is a 7.6% increase from the previous period.
USD

Revenue (Q3, 2019)

2.8b

Gross profit (Q3, 2019)

667.0m

Gross profit margin (Q3, 2019), %

24%

Net income (Q3, 2019)

60.0m

EBIT (Q3, 2019)

108.0m

Market capitalization (6-Dec-2019)

1.2b

Closing stock price (6-Dec-2019)

2.3

Cash (28-Sept-2019)

588.0m

EV

2.5b
Office Depot's current market capitalization is $1.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

11.0b10.2b11.0b

Revenue growth, %

(24%)(7%)8%

Cost of goods sold

8.3b7.8b8.5b

Gross profit

2.7b2.5b2.6b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

3.5b3.2b2.8b2.7b2.4b2.6b2.8b2.6b2.9b2.8b2.6b2.8b

Cost of goods sold

2.7b2.5b2.1b2.0b1.8b2.0b2.2b2.0b2.2b2.1b2.0b2.1b

Gross profit

856.0m747.0m726.0m675.0m545.0m633.0m667.0m596.0m686.0m641.0m585.0m667.0m

Gross profit Margin, %

24%23%26%25%23%24%24%23%24%23%23%24%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

763.0m622.0m658.0m

Accounts Receivable

687.0m931.0m885.0m

Prepaid Expenses

102.0m86.0m75.0m

Inventories

1.3b1.1b1.1b
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

529.0m181.0m104.0m

Depreciation and Amortization

181.0m159.0m192.0m

Inventories

56.0m160.0m(2.0m)

Accounts Payable

(339.0m)(252.0m)140.0m
Quarterly
USDY, 2019

EV/EBIT

23.3 x

EV/CFO

11.8 x

Debt/Equity

0.9 x

Debt/Assets

0.3 x

Financial Leverage

3.5 x
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Office Depot Operating Metrics

Office Depot's Stores was reported to be 1.4 k in FY, 2018.
Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019

Distribution Centers

28 40 56

Product Categories

3 3 3 3 3 3 3 3 3 3 3 3 3

Retail Stores

1.38 k1.38 k1.37 k1.37 k1.36 k1.36 k1.32 k1.32 k

Stores

1.56 k1.51 k1.51 k1.44 k1.44 k1.41 k1.40 k1.39 k1.37 k1.36 k
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Office Depot Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Complete Office Solutions LtdOctober 11, 2017$150 m
CompuComOctober 03, 2017$1 b
Office MaxFebruary 21, 2013$1.20 b
AsiaEC.com LimitedSeptember 28, 2006
PapiriusAugust 31, 2006
Allied Building ProdutsMay 17, 2006
Best Office CoFebruary 15, 2006
Guilbert Express SAJune 03, 2003
Computers4Sure.comJuly 09, 2001
Solutions4Sure.comJuly 09, 2001
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Office Depot Revenue Breakdown

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Office Depot revenue breakdown by business segment: 48.0% from Business Solutions, 42.1% from Retail, 9.9% from CompuCom and 0.1% from Other

Office Depot Online and Social Media Presence

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Office Depot News and Updates

Office Depot CFO Lower leaving after 2 years in the role to join AutoNation

Office Depot Inc. said Friday Chief Financial Officer Joseph Lower is leaving the company, effective Jan. 10, 2020, after two years in the role. Lower is leaving to assume the CFO position at AutoNation Inc. , starting Jan. 13. The office supplies retailer said it has begun a search for a new CFO. …

Office Depot stock rises after earnings beat

Office Depot Inc. stock rose nearly 3% in Wednesday premarket trading after the business supply retailer reported second-quarter earnings that beat expectations. Net losses totaled $24.0 million, or 4 cents per share after net income of $16.0 million, or 3 cents per share, last year. Adjusted EPS o…

Office Depot is Secretly Testing a Coworking Space

Would you 'hot desk' in a big box store? OfficeMax is about to find out.

Office Depot shares sink as Amazon snaps up market share

Office Depot Inc. shares sank 7.7% in Thursday trading after the office supply retailer reported a profit and sales decline, raising concerns that Amazon.com Inc. is snapping up market share. On Wednesday, Office Depot reported net income of $8 million, or a penny per share, down from $41 million,…
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Office Depot Blogs

Office Depot Chief Financial Officer Joseph T. Lower to Leave Company in Q1 2020

Office Depot Chief Financial Officer Joseph T. Lower to Leave Company in Q1 2020 Content Import Fri, 11/22/2019 - 08:00 Office Depot Chief Financial Officer Joseph T. Lower to Leave Company in Q1 2020 11/22/19 This release is a backfill from a News Wire …

Office Depot Unveils Cyber Week Savings to Help Small Businesses Succeed

Office Depot Unveils Cyber Week Savings to Help Small Businesses Succeed Content Import Thu, 11/21/2019 - 09:01 Office Depot Unveils Cyber Week Savings to Help Small Businesses Succeed 11/21/19 This release is a backfill from a News Wire Genera…

Office Depot Increases and Extends Existing Stock Repurchase Program and Declares Quarterly Cash Dividend of $0.025 Per Share

Stock Repurchase Program increased to $200 million BOCA RATON, Fla. --(BUSINESS WIRE)--Nov. 6, 2019-- Office Depot, Inc. (NASDAQ:ODP), a leading provider of business services and supplies, products and technology solutions , today announced that as part of its ongoing commitment to drive

Office Depot Announces Third Quarter 2019 Results

Disciplined focus on profitability drives strong operating results and cash flow generation Third Quarter 2019 Highlights Total Reported Sales of $2.8 Billion , down 4% from Prior Year Period BSD and CompuCom divisions combined represent approximately 60% of total revenues Operating Income of $108

Office Depot, Inc. Announces Review of Potential Holding Company Reorganization

BOCA RATON, Fla. --(BUSINESS WIRE)--Nov. 6, 2019-- Office Depot, Inc. (“ Office Depot” or the “Company”) (NASDAQ: ODP), a leading integrated business-to-business distribution platform of business services and supplies, today announced that its Board of Directors has approved a feasibility review of

Office Depot Provides Solutions to Help Small Businesses Unleash Their Full Potential This Holiday Season and Beyond

Shopping Season Solved with Services, Products and Black Friday Deals to Help Businesses Prepare for the Holiday Season and Conquer Their End of the Year To-Do Lists BOCA RATON, Fla. --(BUSINESS WIRE)--Nov. 4, 2019-- Office Depot, Inc. (NASDAQ:ODP), a leading B2B integrated distribution platform of
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Office Depot Frequently Asked Questions

  • When was Office Depot founded?

    Office Depot was founded in 1986.

  • Who are Office Depot key executives?

    Office Depot's key executives are Gerry P. Smith, N. David Bleisch and Jerri Devard.

  • How many employees does Office Depot have?

    Office Depot has 44,000 employees.

  • What is Office Depot revenue?

    Latest Office Depot annual revenue is $11 b.

  • What is Office Depot revenue per employee?

    Latest Office Depot revenue per employee is $250.3 k.

  • Who are Office Depot competitors?

    Competitors of Office Depot include Costco, Sam's Club and Best Buy.

  • Where is Office Depot headquarters?

    Office Depot headquarters is located at 6600 N Military Trl, Boca Raton.

  • Where are Office Depot offices?

    Office Depot has offices in Boca Raton, Antwerpen, Hostivice, Senlis and in 11 other locations.

  • How many offices does Office Depot have?

    Office Depot has 15 offices.