ODP Corporation (The)

NASDAQ:ODP  
38.82
-0.24 (-0.61%)
Earnings Announcements

The ODP Corp Announces First Quarter 2022 Results

Published: 05/04/2022 12:00 GMT
ODP Corporation (The) (ODP) - The Odp Corporation Announces First Quarter 2022 Results.
Q1 Adjusted Earnings per Share $1.27 From Continuing Operations.
Q1 Earnings per Share $1.09 From Continuing Operations.
Q1 Revenue $2.2 Billion.
Business Solutions Division (bsd) Reported Sales Were $1.2 Billion in Q1 of 2022, Up 9% Compared to Same Period Last Year.
We Expect That Conditions Related to Both Supply Chain and Inflationary Environment Will Persist in Quarters Ahead.
Retail Division Reported Sales Were $943 Million in Q1 of 2022, Down 9% Compared to Prior Year Period.
Continues to Anticipate Generating Annual Revenue, Operating and Cash Flow Results in a Range Consistent With Prior Year on a Comparable Basis.
Encouraged by Improving Back-to--office Trends That Are Helping US Drive Stronger Operating Performance in Our Contract Channel.
Expects to Refine and Update Its Outlook for 2022 As Conditions Related to Pandemic and Supply Chain Challenges Dissipate.
Improved Back-to-office Trends Drove Growth in Business Solutions Division in Quarter.
Revenue is expected to be $2.04 Billion
Adjusted EPS is expected to be $0.48

Next Quarter Revenue Guidance is expected to be $2.17 Billion
Next Quarter EPS Guidance is expected to be $1.73

More details on our Analysts Page.