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ODP Corp’s Q1 Revenue Outperforms Expectations Despite Sales Decline: ‘We Remain Cautiously Optimistic’

The ODP Corp (NASDAQ: ODP) reported a first-quarter FY23 sales decline of 3.2% year-on-year to $2.108 billion, beating the consensus of $2.100 billion. The business services provider registered an adjusted EPS of $1.78, beating the analyst consensus of $1.34.

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