The ODP Corporation posted Q2 results with EPS of 51 cents, beating estimates. Sales of $1.59 billion were in line with expectations, down 8% due to fewer retail locations. Operating income fell to $25 million, EBITDA declined to $47 million. The company aims to generate higher adjusted free cash flow and expand B2B offerings.

CEO Gerry Smith noted improved revenue trends and increased sales traction with new customers. The company plans to invest $185-230 million to achieve $380 million in EBITDA improvement. Despite potential tariff impacts, ODP anticipates continued improvement in the second half of 2025, targeting over $115 million in adjusted free cash flow for the year.

Read more at Yahoo Finance: Office Depot’s Parent ODP Shrinks Retail Footprint, Expands B2B Offerings