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, FL, US
Websiteofficedepot.com
Overall CultureD

Latest Updates

Employees (est.) (Jan 2020)37,000(-7%)
Job Openings2,388
Revenue (FY, 2020)$9.7 B(-8%)
Share Price (Sept 2021)$41.7(-1%)
Cybersecurity ratingBMore

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, FL, US (HQ)
6600 N Military Trl
Antwerpen, BE
Antwerpen Harmonie, Lange Lozanastraat 142
Hostivice, CZ
Floriánova 2461
Senlis, FR
126 Av. 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 $9.71 b in FY, 2020 which is a 8.8% decrease from the previous period.
USD

Revenue (FY, 2020)

9.7b

Revenue growth (FY, 2019 - FY, 2020), %

(8.8%)

Gross profit (FY, 2020)

2.1b

Gross profit margin (FY, 2020), %

22%

Net income (FY, 2020)

(319.0m)

EBIT (FY, 2020)

(252.0m)

Market capitalization (14-Sept-2021)

2.3b

Closing stock price (14-Sept-2021)

41.7

Cash (26-Dec-2020)

729.0m

EV

2.9b
Office Depot's current market capitalization is $2.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

11.0b10.6b9.7b

Revenue growth, %

8%(3%)(9%)

Cost of goods sold

8.5b8.2b7.6b

Gross profit

2.6b2.5b2.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.8b2.6b2.9b2.8b2.6b2.8b2.7b2.2b2.5b

Cost of goods sold

2.2b2.0b2.2b2.1b2.0b2.1b2.1b1.7b1.9b

Gross profit

667.0m596.0m686.0m641.0m585.0m667.0m629.0m416.0m590.0m

Gross profit Margin, %

24%23%24%23%23%24%23%19%23%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

658.0m698.0m729.0m

Accounts Receivable

885.0m631.0m

Prepaid Expenses

75.0m75.0m65.0m

Inventories

1.1b1.0b930.0m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

104.0m99.0m(319.0m)

Depreciation and Amortization

192.0m204.0m189.0m

Inventories

(2.0m)19.0m84.0m

Accounts Payable

140.0m(532.0m)(513.0m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

41.0m57.0m118.0m8.0m(16.0m)44.0m45.0m(394.0m)(337.0m)

Depreciation and Amortization

51.0m98.0m142.0m49.0m102.0m154.0m49.0m97.0m143.0m

Cash From Operating Activities

217.0m262.0m566.0m60.0m2.0m214.0m188.0m180.0m489.0m

Capital Expenditures

(37.0m)(74.0m)(121.0m)(46.0m)(91.0m)(123.0m)(25.0m)(40.0m)(54.0m)
USDQ1, 2018

Revenue/Employee

64.3k

Debt/Equity

0.8 x

Debt/Assets

0.3 x

Financial Leverage

3 x
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Office Depot Operating Metrics

Office Depot's Stores was reported to be 1.4 k in FY, 2018.
Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Distribution Centers

566771

Product Categories

333333333333

Retail Stores

1.38 k1.37 k1.37 k1.36 k1.36 k3.91 k1.32 k1.31 k1.3 k3.87 k1.24 k1.15 k

Stores

1.37 k1.36 k
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Office Depot Acquisitions / Subsidiaries

Company NameDateDeal Size
Complete Office SolutionsOctober 11, 2017$150 m
CompuComOctober 03, 2017$1 b
Office MaxFebruary 21, 2013$1.17 b
AsiaEC.comSeptember 28, 2006
PapiriusAugust 31, 2006
Allied Building ProductsMay 17, 2006
Best Office CoFebruary 15, 2006
Guilbert Express SAJune 03, 2003
Computers4SureJuly 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: 48.2% from Business Solutions, 42.9% from Retail, 8.8% from CompuCom and 0.1% from Other

Human Capital Metrics

Source: craft.co
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Office Depot Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Office Depot Online and Social Media Presence

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Office Depot Company Culture

  • Overall Culture

    D

    57/100

  • CEO Rating

    F

    53/100

  • Compensation

    D

    51/100

  • Diversity

    C-

    60/100

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Office Depot News and Updates

Office Depot in South Whitehall to close in September

The Office Depot on South Cedar Crest Boulevard will close this fall, according to a company spokeswoman.

KBRA Credit Profile Releases Research - Staples Looks to Acquire Office Depot/OfficeMax Consumer Unit-Implications for CMBS

KBRA Credit Profile (KCP), a division of KBRA Analytics, releases a special report on CMBS exposure to The ODP Corporation, which owns Office Depot and OfficeMax, in light of a June 2021 acquisition offer from USR Parent, Inc., the parent company of Staples (News - Alert).

Office Depot : 963 licenciements à l’horizon

C’est l’un des plus gros plans sociaux depuis le début de la pandémie. Selon les informations du Parisien, 963 salariés d’Office Depot, géant du matériel de bureau, sont sur le point d’être licenciés, soit les deux tiers des effectifs.

Office Depot south Richmond store will be stapled shut in August

Office Depot is scheduled to permanently close its store at the Shops at Stratford Hills shopping center Aug. 21, a company spokeswoman said in an email Thursday.

OT Group signs deal with Office Depot Europe

Paragon-owned OT Group has agreed to acquire certain assets of Office Depot in the UK and Ireland.

Staples offers to buy Office Depot owner's consumer business for $1 bln

Staples said on Friday it had offered to buy Office Depot owner ODP Corp's (ODP.O) consumer business for $1 billion, the latest effort by the office supplies retailer to acquire its rival's assets.
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Office Depot Blogs

Office Depot Donates $250,000 to Boys & Girls Clubs of America to Help Revitalize Local Clubs During Fourth Annual ‘Depot Day of Service’

Office Depot Donates $250,000 to Boys & Girls Clubs of America to Help Revitalize Local Clubs During Fourth Annual ‘Depot Day of Service’ Content Import Fri, 04/30/2021 - 09:00 Office Depot Donates $250,000 to Boys & Girls Clubs of America to Help Revitalize Local Clubs During Four…

Office Depot Recognizes Organizations for Leadership in Greener Purchasing

Office Depot Recognizes Organizations for Leadership in Greener Purchasing Content Import Thu, 04/22/2021 - 11:00 Office Depot Recognizes Organizations for Leadership in Greener Purchasing 04/22/21 This release is a backfill from a News Wire Ge…

The ODP Corporation to Announce First Quarter 2021 Earnings Results Wednesday, May 5, 2021

The ODP Corporation to Announce First Quarter 2021 Earnings Results Wednesday, May 5, 2021 Content Import Wed, 04/21/2021 - 17:01 The ODP Corporation to Announce First Quarter 2021 Earnings Results Wednesday, May 5, 2021 04/21/21 This release is a backfill fr…

CompuCom Partners with Women in Technology Network to Expand Career Opportunities for Associates

CompuCom Partners with Women in Technology Network to Expand Career Opportunities for Associates Jonathan.Lorin… Tue, 04/20/2021 - 08:02 CompuCom Partners with Women in Technology Network to Expand Career Opportunities for Associates 04/20/21 This release is …

The ODP Corporation Provides Update On CompuCom’s Malware Incident And Business Impact

The ODP Corporation Provides Update On CompuCom’s Malware Incident And Business Impact Content Import Fri, 03/26/2021 - 17:10 The ODP Corporation Provides Update On CompuCom’s Malware Incident And Business Impact 03/26/21 This release is a backfill from a New…

The ODP Corporation to Participate in the Sidoti & Company Spring Virtual Investor Conference Wednesday, March 24, 2021

The ODP Corporation to Participate in the Sidoti & Company Spring Virtual Investor Conference Wednesday, March 24, 2021 Content Import Tue, 03/23/2021 - 08:00 The ODP Corporation to Participate in the Sidoti & Company Spring Virtual Investor Conference Wednesday, March 24, 2021 …
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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 37,000 employees.

  • What is Office Depot revenue?

    Latest Office Depot annual revenue is $9.7 b.

  • What is Office Depot revenue per employee?

    Latest Office Depot revenue per employee is $262.4 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.