Last $5.19 USD
Change Today -0.08 / -1.52%
Volume 6.9M
ODP On Other Exchanges
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Exchange
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

office depot inc (ODP) Snapshot

Open
$5.32
Previous Close
$5.27
Day High
$5.34
Day Low
$5.16
52 Week High
11/1/13 - $5.85
52 Week Low
04/16/14 - $3.84
Market Cap
2.8B
Average Volume 10 Days
6.2M
EPS TTM
$-0.46
Shares Outstanding
534.7M
EX-Date
--
P/E TM
--
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, services, and other solutions, as well as copy and print services to small, medium, and large-sized businesses through a sales force, catalogs, telesales, Internet sites, and limited store locations. The company’s International division sells office products and services through direct mail catalogs, contract sales forces, Internet sites, and retail stores using company-owned operations, joint ventures, licensing and franchise agreements, alliances, and other arrangements. This division also participates under licensing and merchandise arrangements in South Korea, Israel, the Dominican Republic, and the Middle East. It offers its products under various labels, including Office Depot, OfficeMax, Viking Office Products, Foray, Ativa, Grand & Toy, TUL, and DiVOGA. As of February 25, 2014, the company operated 2,200 retail stores in 57 countries. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

64,000 Employees
Last Reported Date: 02/25/14
Founded in 1986

office depot inc (ODP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $2.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $557.7K
Executive Vice President and President of Int...
Total Annual Compensation: $675.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $1.0M
Chief People Officer and Executive Vice Presi...
Total Annual Compensation: $450.0K
Compensation as of Fiscal Year 2013.

office depot inc (ODP) Key Developments

Office Depot Recalls Gibson Leather Task Chairs Due to Fall Hazard

Consumers should stop using this product unless otherwise instructed. It is illegal to resell or attempt to resell a recalled consumer product. Name of Product: Office Depot(R) Gibson Leather Task Chairs; Hazard: The mounting plate weld can break and separate the seat from the base of the chair, posing a fall hazard to consumers. Remedy: Refund.

Office Depot, Inc. Plans to Close 400 U.S. Stores

Office Depot Inc. expects to close 150 stores in 2014, mostly in the fourth quarter. All of the store closures are anticipated to occur by the end of 2016. The company has more than 2,000 stores globally. The store closings are expected to result in at least $75 million in annual savings by 2016's end and add to earnings starting next year.

Office Depot, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Announces Asset Impairment Charges for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year of 2014

Office Depot, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales of $4,354 million against $2,718 million a year ago. Operating income was $79 million against $10 million a year ago. Loss before income taxes was $97 million. Net loss was $108 million against $7 million a year ago. Net loss attributable to common shareholders was $109 million against $17 million a year ago. Basic and diluted loss per share was $0.21 against $0.06 a year ago. Net cash used in operating activities was $74 million against $94 million a year ago. Capital expenditures were $39 million against $29 million a year ago. Adjusted operating income was $72 million against $54 million a year ago. Adjusted net income attributable to common stockholders was $38 million against $18 million a year ago. Adjusted net earnings per common share were $0.07 against $0.03 a year ago. For the quarter, the company reported asset impairment charge of approximately $50 million against $5 million a year ago. For the 2014, the company continues to expect that market trends will remain challenging across the company's product lines and distribution channels, and therefore continues to anticipate total company sales in 2014 will be lower than 2013 combined pro forma sales. The expense deleverage from lower sales is expected to offset a portion of the merger synergies and operating improvements anticipated during the year. Based upon earlier than expected realization of cost synergies and improved operational execution in the first quarter, the company now expects to generate adjusted operating income of not less than $160 million in 2014 compared with its prior outlook of not less than $140 million. In 2014, the company expects capital spending to be approximately $150 million, excluding up to an additional approximately $50 million in integration expenditures.

 

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Industry Analysis

ODP

Industry Average

Valuation ODP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.4x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.0x
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