Dive into the latest earnings report of ODP Corporation. Despite a sales decline in Q1 FY24, the company saw a significant rise in gross profit. Find out the key factors influencing its financial performance and CEO Gerry Smith's insights on the challenges faced.
Companies Reporting Before The Bell
• Sony Group (NYSE:SONY) is estimated to report quarterly earnings at $0.96 per share on revenue of $18.11 billion.
Like its peer, ODP Corp (NASDAQ: ODP), the U.S. industrial conglomerate is also facing lowered sales as consumers reflect on their spending in a difficult macroeconomic environment.