The ODP Corporation Reports Quarterly Loss of $(4) Million

The ODP Corporation [ODP], a leading provider of products and services, announced a net loss of $(4) million for the second quarter ended June 29, 2024. This performance represents a decrease from the net income of $43 million reported in the previous quarter.

The ODP Corporation, a key player in the Consumer Services sector, reported revenue of $1.7 billion, reflecting a 10% decrease compared to the previous quarter's revenue of $1.9 billion.

In comparison to the same quarter in the previous year, The ODP Corporation's revenue of $1.7 billion for the current quarter reflects an 11% decrease from the revenue reported in the corresponding quarter last year.