Odp Corporation ( (ODP) ) has released its Q3 earnings. Here is a breakdown of the information Odp Corporation presented to its investors.
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The ODP Corporation is a leading provider of business products, services, and technology solutions through a comprehensive B2B distribution platform and omni-channel presence, including Office Depot and OfficeMax retail stores. In its latest earnings report, The ODP Corporation reported a decrease in sales and net income compared to the previous year, with sales totaling $1.625 billion for the third quarter of 2025, down from $1.780 billion in the same period of 2024. The company’s operating income also saw a decline, with $34 million reported for the third quarter of 2025 compared to $102 million in the previous year. Key financial metrics indicate a challenging period for ODP, with a notable decrease in gross profit and an increase in asset impairments. The company has been actively restructuring to optimize its assets and drive operational efficiencies, including closing underperforming stores and facilities. Looking ahead, ODP is focused on expanding its presence in the B2B market and pursuing growth opportunities in new segments, while managing the ongoing restructuring efforts and the anticipated merger with Atlas Holdings.