OverviewSuggest Edit

Office Depot (also known as The ODP Corporation) 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 2020)40,000(-9%)
Job Openings1,895
Revenue (FY, 2019)$10.6 B(-3%)
Share Price (Oct 2020)$22.3
Cybersecurity ratingAMore

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
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
Kevin Moffitt

Kevin Moffitt

Executive Vice President, Chief Retail Officer
Stephen Mohan

Stephen Mohan

Executive Vice President, Business Solutions Division
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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
Antwerpen Harmonie, Lange Lozanastraat 142
Hostivice, CZ
Floriánova 2461
Senlis, FR
126 Avenue du Poteau
Großostheim, DE
Linus-Pauling-Strasse 2
Dublin, IE
Unit 35 Rosemount Business Park Ballycoolin Road
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Office Depot Financials and Metrics

Office Depot Revenue

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Office Depot's revenue was reported to be $10.65 b in FY, 2019
USD

Revenue (Q2, 2020)

2.2b

Gross profit (Q2, 2020)

416.0m

Gross profit margin (Q2, 2020), %

19.3%

Net income (Q2, 2020)

(439.0m)

EBIT (Q2, 2020)

(456.0m)

Market capitalization (23-Oct-2020)

1.2b

Closing stock price (23-Oct-2020)

22.3

Cash (27-Jun-2020)

762.0m

EV

2.2b
Office Depot's current market capitalization is $1.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

11.0b10.2b11.0b10.6b

Revenue growth, %

(24%)(7%)8%

Cost of goods sold

8.3b7.8b8.5b8.2b

Gross profit

2.7b2.5b2.6b2.5b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

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

Cost of goods sold

2.7b2.5b2.1b2.0b1.8b2.0b2.2b2.0b2.2b2.1b2.0b2.1b2.1b1.7b

Gross profit

856.0m747.0m726.0m675.0m545.0m633.0m667.0m596.0m686.0m641.0m585.0m667.0m629.0m416.0m

Gross profit Margin, %

24%23%26%25%23%24%24%23%24%23%23%24%23%19%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

763.0m622.0m658.0m698.0m

Accounts Receivable

687.0m931.0m885.0m

Prepaid Expenses

102.0m86.0m75.0m75.0m

Inventories

1.3b1.1b1.1b1.0b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

529.0m181.0m104.0m99.0m

Depreciation and Amortization

181.0m159.0m192.0m204.0m

Inventories

56.0m160.0m(2.0m)19.0m

Accounts Payable

(339.0m)(252.0m)140.0m
USDQ1, 2016

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.6 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

Company NameDateDeal 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

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

Thinking about buying stock in Office Depot, Hepion Pharmaceuticals, Hertz Global Holdings, Canopy Growth Corp, or Delta Air Lines?

NEW YORK, June 30, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ODP, HEPA, HTZ, CGC, and DAL. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Office Depot to conduct 1-for-10 reverse stock split effective June 30

Office Depot Inc. said Friday its board has approved a 1-for-10 reverse stock split effective June 30. The Boca Raton, Florida-based office goods retailer said shareholders approved the move at its May 11 annual meeting. The company will not issue any fractional shares in connection with the move, …

Office Depot appoints Scaglione as new CFO

Office Depot Inc. said late Thursday that D. Anthony Scaglione will become its chief financial officer on July 20. Office Depot shares rose 0.8% after hours, following a 0.4% decline to close the regular session at $2.42. Scaglione currently serves as CFO at ABM Industries Inc. , where his resignat…

Shipt Announces Same-Day Delivery Partnership with Office Depot, Inc.

BIRMINGHAM, Ala., Jan. 21, 2020 /PRNewswire/ -- Shipt, the membership-based delivery marketplace, announced today that it is expanding its same-day delivery services into a new retail vertical with Office Depot, Inc. (NASDAQ: ODP) a leading B2B integrated distribution platform of business...

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…
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Office Depot Blogs

D. Anthony Scaglione

D. Anthony Scaglione Jonathan.Lorin… Fri, 07/17/2020 - 12:54 D. Anthony Scaglione Executive Vice President, Chief Financial Officer D. Anthony Scaglione was named Executive Vice President, Chief Financial Officer in July 2020. In this …

Office Depot Enhances Print Services Portfolio with New Graphic Design Solutions Powered by Canva

Office Depot Enhances Print Services Portfolio with New Graphic Design Solutions Powered by Canva Content Import Thu, 07/16/2020 - 09:00 Office Depot Enhances Print Services Portfolio with New Graphic Design Solutions Powered by Canva 07/16/20 This release is…

Office Depot Donates $1.5 Million to Feeding America’s COVID-19 Response Fund

Office Depot Donates $1.5 Million to Feeding America’s COVID-19 Response Fund Content Import Tue, 07/14/2020 - 09:01 Office Depot Donates $1.5 Million to Feeding America’s COVID-19 Response Fund 07/14/20 This release is a backfill from a News Wire …

Terry Leeper

Terry Leeper Jonathan.Lorin… Tue, 07/07/2020 - 09:51 Terry Leeper Executive Vice President, Chief Technology Officer Terry Leeper was named Executive Vice President, Chief Technology Officer in July 2020. In this role, Leeper is responsib…

The ODP Corporation Announces New Chief Technology Officer

BOCA RATON, Fla. --(BUSINESS WIRE)--Jul. 6, 2020-- The ODP Corporation (NASDAQ: ODP), a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced the appointment of Terry Leeper as Executive Vice

The ODP Corporation Releases 2020 Corporate Sustainability Report

The ODP Corporation Releases 2020 Corporate Sustainability Report Content Import Thu, 07/02/2020 - 10:21 The ODP Corporation Releases 2020 Corporate Sustainability Report 07/02/20 This release is a backfill from a News Wire General …
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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 John W. Gannfors.

  • How many employees does Office Depot have?

    Office Depot has 40,000 employees.

  • What is Office Depot revenue?

    Latest Office Depot annual revenue is $10.6 b.

  • What is Office Depot revenue per employee?

    Latest Office Depot revenue per employee is $266.2 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.