ODP Corp [ODP] has reported a net loss of $139.0 million for year ended Dec 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $7.8 billion
Based in BOCA RATON, Florida, ODP Corp operates in the RETAIL sector.
Consolidated Statements of Operations - USD ($) $ in Millions 12 Months Ended
Income Statement [Abstract]
Sales:
- For the 12 months ended December 30, 2023, sales amounted to $7,831 million, showing a decrease from $8,491 million recorded in the same period the previous year (December 31, 2022).
- Comparing to the sales figure of $8,465 million for the 12 months ended December 25, 2021, there was a decrease in sales in the most recent reporting period.
Cost of goods sold and occupancy costs:
- The cost of goods sold and occupancy costs for the 12 months ended December 30, 2023, stood at $6,065 million, down from $6,643 million in the same period the previous year (December 31, 2022).
- Compared to the cost of goods sold and occupancy costs of $6,602 million for the 12 months ended December 25, 2021, there was a decrease in costs in the current reporting period.
Net income/net loss:
- The net income for the 12 months ended December 30, 2023, was $139 million, a decrease from $166 million recorded in the same period the previous year (December 31, 2022).
- In contrast, the net loss for the 12 months ended December 25, 2021, amounted to $208 million.
Earnings/loss per share for basic and diluted amounts:
- The basic earnings per share for continuing operations for the 12 months ended December 30, 2023, were $3.61, a slight increase from $3.73 in the same period the previous year (December 31, 2022).
- The diluted earnings per share for continuing operations also showed a slight increase from $3.61 in the previous year to $3.50 for the 12 months ended December 30, 2023.
- The net basic earnings per share for the 12 months ended December 30, 2023, were $3.61, compared to $3.48 in the same period the previous year.
- The net diluted earnings per share for the current reporting period was $3.50, a decrease from $3.37 in the same period the previous year.
Overall, the financial performance of the company showed mixed results in the most recent reporting period compared to the previous years, with fluctuations in sales, costs, and net income.
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