odp corp odp said tuesday that it will not sell its consumer business after all and will instead hold on to it under common ownership with its other business units odp recently completed the transformation to a holding company structure with four business units office depot llc which operates 1000 office depot and officemax retail locations and an ecommerce arm odp business solutions llc veyer llc a supply chain distribution procurement and global sourcing business and varis llc a b2b digital platform technology business following a board review odp has canceled the divestiture of the consumer business and has decided not to resume the potential publiccompany separation rather it will keep all the businesses under common ownership due to current market conditions the completion of our internal reorganization will make such a potential separation substantially simpler should the company determine to resume the separation process following a change of market conditions in the future said board chair joseph vassalluzzo in a statement for the second quarter odp expects consolidated revenue of about 2 billion and fullyear results in line with last year the factset consensus is for secondquarter revenue of 2039 billion for the fullyear the factset consensus is for revenue of 8414 billion down slightly from 8465 billion in 2021 odp stock slipped 18 in tuesday premarket trading and the stock is down 109 for the year to date the broader sp 500 index spx has slumped nearly 23