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Last $7.26 USD
Change Today -0.06 / -0.82%
Volume 11.6M
ODP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Mexico
Frankfurt
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

office depot inc (ODP) Snapshot

Open
$7.16
Previous Close
$7.32
Day High
$7.33
Day Low
$7.00
52 Week High
02/6/15 - $9.77
52 Week Low
10/15/14 - $4.26
Market Cap
4.0B
Average Volume 10 Days
10.2M
EPS TTM
$0.33
Shares Outstanding
548.1M
EX-Date
--
P/E TM
22.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for OFFICE DEPOT INC (ODP)

office depot inc (ODP) Details

Office Depot, Inc., together with its subsidiaries, supplies office products and services. The company’s North American Retail division sells an assortment of merchandise, including office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture under various brands through its chain of office supply stores. Its North American Business Solutions division sells branded office supplies, technology products, cleaning and breakroom supplies, office furniture, and other solutions, as well as copy and print services to small, medium, and large-sized businesses through a sales force, catalogs, telesales, and Internet sites. The company’s International division sells office products and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores through company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. As of December 27, 2014, this segment sold it products to customers in 54 countries throughout Europe, Asia/Pacific, and Latin America; and operated 146 retail stores in France, South Korea, Sweden, New Zealand, and Australia. This division also participates under licensing and merchandise arrangements in Latin America, Europe, Israel, and Japan. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

56,000 Employees
Last Reported Date: 02/24/15
Founded in 1986

office depot inc (ODP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $750.0K
President of North America
Total Annual Compensation: $876.0K
Executive Vice President and President of Int...
Total Annual Compensation: $675.0K
Chief People Officer and Executive Vice Presi...
Total Annual Compensation: $1.0M
Compensation as of Fiscal Year 2014.

office depot inc (ODP) Key Developments

Office Depot to Close OfficeMax Store at Kmart-Anchored Stadium Marketplace in Honolulu and Ward Village in Kakaako

Office Depot will close its OfficeMax store at the Kmart-anchored Stadium Marketplace in Honolulu by the end of next month as a part of a company initiative to trim costs and shutter hundreds of underperforming stores over several years. The company, which acquired OfficeMax in 2013, said it will officially close the OfficeMax store at 4561 Salt Lake Blvd., on Sept. 26, 2015 as a part of a nationwide initiative that began in mid-2014 to close at least 400 retail locations by the end of next year. The Office Depot location at Ward Village in Kakaako will close eventually to make way for Howard Hughes Corp.'s planned Aeo mixed-use, high-rise complex behind the Ward Entertainment Center, which will include 466 condominium units and Hawaii's Whole Foods Market. An exact closing date, however, has not been determined yet.

Office Depot to Accelerate Store Closures

Office Depot announced that it is accelerating its store-closure plan and expects to close about 175 stores in 2015 and at least 60 in 2016, for a total of at least 400 closures by the end of 2016.

Office Depot, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Year to Date Ended June 27, 2015; Provides Earnings Guidance for the Year 2015; Announces Asset Impairments for the Second Quarter Ended June 27, 2015

Office Depot, Inc. announced unaudited consolidated earnings results for the second quarter and year to date ended June 27, 2015. For the quarter, the company reported sales of $3,440 million against $3,841 million a year ago. Operating loss was $51 million against $185 million a year ago. Loss before income taxes was $67 million against $197 million a year ago. Net loss attributable to company was $58 million or $0.11 per basic and diluted share against $190 million or $0.36 per basic and diluted share a year ago. Adjusted operating income was $73 million against $18 million a year ago. Adjusted net income attributable to company was $32 million or $0.06 per share against loss of $12 million or $0.02 per share a year ago. In the second quarter of 2015, cash used in operating activities was $90 million, and included payments related to merger and acquisition expenses, legal settlements, and international restructuring expenses. Capital expenditures were $44 million in the second quarter of 2015, including $25 million related to merger integration. For the year to date, the company reported sales of $7,317 million against $8,194 million a year ago. Operating income was $36 million against operating loss of $263 million a year ago. Income before income taxes was $2 million against loss before income taxes of $294 million a year ago. Net loss attributable to company was $13 million or $0.02 per basic and diluted share against $300 million or $0.56 per basic and diluted share a year ago. Net cash used in operating activities was $135 million against $162 million a year ago. Capital expenditures were $71 million against $66 million a year ago. Adjusted operating income was $208 million against $85 million a year ago. Adjusted net income attributable to company was $103 million or $0.19 per share against $25 million or $0.05 per share a year ago. The company continues to expect total company sales in 2015 to be lower than 2014, primarily due to its decision to close certain stores, the negative impact of currency translation, business disruption from the announcement of the pending acquisition by Staples, and continued challenging market conditions in industry. In 2015, total company capital expenditures are expected to be approximately $200 million, and total company depreciation and amortization is expected to be approximately $300 million. For the second quarter ended June 27, 2015, the company has announced asset impairments of $4 million.

 

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ODP

Industry Average

Valuation ODP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 2.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
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