天眼查App显示，近日，曲靖开发区云深茶事茶叶铺（个体工商户）成立，法定代表人为金秀娟，注册 资本1万人民币，经营范围为许可项目：食品销售；餐饮服务(依法须经批准的项目，经相关部门批准后 方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准) 一般项目：食品销售（仅销售 预包装食品）；互联网销售（除销售需要许可的商品）；农副产品销售；食用农产品零售；食用农产品 初加工；初级农产品收购；农产品的生产、销售、加工、运输、贮藏及其他相关服务；茶具销售；日用 陶瓷制品销售；办公用品销售；工艺美术品及礼仪用品销售（象牙及其制品除外）；个人商务服务；礼 仪服务(除依法须经批准的项目外，凭营业执照依法自主开展经营活动)。 ...

Financial Data and Key Metrics Changes - The company generated total revenue of $1.7 billion in Q1 2025, reflecting a 9% decline compared to the same quarter last year, but showing improvement in year-over-year trends compared to prior quarters [20] - Adjusted EBITDA was $76 million, down from $91 million in the previous year, while adjusted free cash flow increased significantly to $45 million from $17 million [23][25] - GAAP operating loss was $32 million compared to a GAAP operating income of $41 million in the prior year [22] Business Line Data and Key Metrics Changes - The consumer division, Office Depot, reported sales of $838 million, down 11% year-over-year, but showed improved trends with a 500 basis point improvement in same-store sales [25][26] - ODP Business Solutions reported revenue of $852 million, down 8% year-over-year, but showed slight improvement compared to the previous quarter [28] - The supply chain business, VARE, achieved over 85% year-over-year revenue growth from third-party customers, with third-party revenue reaching $17 million, up 89% [12][33] Market Data and Key Metrics Changes - The company is expanding into the hospitality market, which is valued at $16 billion, and has established partnerships with major suppliers to support this initiative [14][15] - The onboarding of new business contracts has been slower than anticipated, but progress is being made, particularly in the hospitality sector [11][12] Company Strategy and Development Direction - The company is focused on its "Optimize for Growth" plan, which aims to reduce fixed costs, enhance B2B capabilities, and decrease reliance on retail [7][17] - The strategy includes leveraging core strengths to expand into higher growth segments such as hospitality and supply chain services [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving trends within the consumer business and anticipates better performance in the B2B segment in the second half of the year [40][41] - The company is actively managing potential tariff impacts and has diversified its sourcing strategy to mitigate risks [37][68] Other Important Information - The company closed nine retail stores as part of its restructuring plan and is focused on optimizing cash flow and margin dollars [18][52] - The balance sheet remains solid, with total liquidity of $653 million and total debt of $262 million [35] Q&A Session Summary Question: Insights into retail momentum and sales strategies - Management highlighted four key strategies driving improved performance: enhanced customer engagement, a new merchandising strategy, daily performance management, and targeted sales promotions [45][46][48] Question: Future pace of store closures - The company will evaluate store closures based on cash flow optimization and margin generation, with a focus on maintaining strong performance [51][52] Question: Onboarding delays for new contracts - Delays are attributed to longer lead times in the hospitality sector and the complexity of onboarding large contracts like CoreTrust [55][56] Question: Categories strengthening in retail - Management noted success in non-tariff categories and a shift to a more value-oriented merchandising strategy [63][64] Question: Impact of tariffs on business - The company believes it has mitigated most tariff impacts through strategic sourcing and pricing adjustments [66][68] Question: Converting new business pipeline into revenue - New leadership and a rigorous management system are being implemented to enhance conversion rates for new business opportunities [89][90]

Financial Data and Key Metrics Changes - The company generated total revenue of $1.7 billion in Q1 2025, reflecting a 9% decline compared to the same quarter last year, but showing improvement in year-over-year trends compared to prior quarters [19] - Adjusted EBITDA was $76 million, down from $91 million in the previous year, while adjusted free cash flow increased significantly to $45 million, more than double the $17 million generated in the same period last year [21][23] - GAAP operating loss was $32 million, compared to a GAAP operating income of $41 million in the prior year, primarily due to restructuring expenses and asset impairments [20] Business Line Data and Key Metrics Changes - The consumer division, Office Depot, reported sales of $838 million, down 11% year-over-year, but showed a 500 basis point improvement in same-store sales compared to the previous year [23][24] - ODP Business Solutions reported revenue of $852 million, down 8% year-over-year, impacted by cautious business conditions and a large customer loss from the previous year [26] - The supply chain business, VARE, achieved over 85% year-over-year revenue growth from third-party customers, highlighting strong demand for its services [12][31] Market Data and Key Metrics Changes - The company is expanding into the hospitality market, which is valued at $16 billion, and has established partnerships with major suppliers to support this initiative [14][15] - The onboarding of new business contracts, including a significant contract with CoreTrust, is ongoing, with expectations for these to contribute more meaningfully in the second half of the year [11][27] Company Strategy and Development Direction - The company is focused on its "Optimize for Growth" plan, which aims to realign its organizational structure and reduce fixed costs while enhancing its B2B pivot and expanding into higher growth segments [7][16] - The strategy includes reducing reliance on retail and increasing operational flexibility, with a focus on capitalizing on core strengths in supply chain and distribution [7][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving trends within the consumer business and anticipates better performance in the B2B segment as new customers are onboarded and the hospitality sector gains traction [36][39] - The company is actively monitoring the evolving tariff situation and has taken proactive measures to mitigate potential impacts, including diversifying sourcing strategies [35][66] Other Important Information - The company closed nine retail stores as part of its restructuring plan and eliminated areas of corporate support to reduce costs [17] - Total liquidity at the end of the quarter was $653 million, consisting of $185 million in cash and $468 million in available credit [33] Q&A Session Summary Question: Insights into retail momentum and sales strategies - Management highlighted four key strategies driving improved performance: enhanced customer engagement, a revised merchandising strategy, a daily management system, and targeted sales promotions [42][44][46] Question: Future pace of store closures - The company will evaluate store closures based on optimizing cash flow and margin dollars, with ongoing assessments of store performance [49][50] Question: Onboarding delays for new contracts - Delays are attributed to longer lead times in the hospitality sector and the complexity of onboarding large contracts like CoreTrust [52][54] Question: Categories strengthening in retail - Management noted success in non-tariff categories and a shift to a more value-oriented merchandising strategy, which has improved sales [61][62] Question: Impact of tariffs on business - The company believes it has mitigated most tariff impacts through strategic sourcing and pricing adjustments, with ongoing monitoring of the situation [64][66] Question: Converting new business pipeline into revenue - New leadership and a rigorous management system are being implemented to enhance the conversion of the business pipeline into revenue [88][90] Question: Update on stock buyback - Management reassured that they continually evaluate stock repurchase opportunities, reflecting confidence in the company's future [93]

Financial Data and Key Metrics Changes - The company generated total revenue of $1.7 billion in Q1 2025, reflecting a 9% decline compared to the same quarter last year, but showing improvement in year-over-year trends compared to prior quarters [19] - Adjusted EBITDA for the quarter was $76 million, down from $91 million in the previous year, while adjusted free cash flow increased significantly to $45 million from $17 million [22][24] - GAAP operating loss was $32 million compared to a GAAP operating income of $41 million in the prior year, with adjusted operating income at $54 million, down from $66 million [20] Business Line Data and Key Metrics Changes - The consumer division, Office Depot, reported sales of $838 million, down 11% year-over-year, but showed a 500 basis point improvement in same-store sales metrics [24][25] - ODP Business Solutions reported revenue of $852 million, down 8% year-over-year, impacted by cautious business conditions and a large customer loss from the previous year [27] - The supply chain business, VARE, achieved over 85% year-over-year revenue growth from third-party customers, with third-party revenue reaching $17 million, up 89% [12][32] Market Data and Key Metrics Changes - The company is expanding into the hospitality market, which is valued at $16 billion, and has established partnerships with major suppliers to support this initiative [13][14] - The onboarding of new business contracts, including a significant contract with CoreTrust, is ongoing, with expectations for these to contribute more meaningfully in the second half of the year [11][28] Company Strategy and Development Direction - The company is focused on a B2B pivot and expanding into higher growth segments such as hospitality and supply chain services, while reducing reliance on retail [7][16] - The "Optimize for Growth" restructuring plan aims to realign organizational structure and reduce fixed costs, with nine retail stores closed during the quarter [17][20] - The company is actively managing its balance sheet and liquidity, ending the quarter with total liquidity of $653 million [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving trends within the consumer business and anticipates better performance in the B2B segment as new customers are onboarded [37][39] - The company is closely monitoring the evolving tariff situation and has taken proactive measures to mitigate potential impacts [36][41] - Management expects significant improvements in adjusted free cash flow generation compared to the previous year, with a focus on driving cash and margin [37][39] Other Important Information - The company has made significant progress in cash management, achieving a cash conversion improvement that contributed to the increase in adjusted free cash flow [13] - The company is evaluating the pace of store closures in light of improved retail performance and ongoing strategic initiatives [51] Q&A Session Summary Question: Insights into retail momentum and sales strategies - Management highlighted four key strategies driving improved performance, including enhanced customer engagement, a revised merchandising strategy, daily performance management, and targeted sales promotions [44][48] Question: Future pace of store closures - Management indicated that the "Optimize for Growth" plan will evaluate store performance to maximize cash flow and margin, with ongoing assessments of store closures [51][52] Question: Onboarding delays for new contracts - Management noted that onboarding delays are due to longer lead times in the hospitality sector and the complexity of large contracts like CoreTrust [55][56] Question: Categories showing strength in retail - Management reported success in non-tariff categories and a shift to a more value-oriented merchandising strategy, which has improved sales performance [63][64] Question: Impact of tariffs on business - Management believes they have mitigated most tariff impacts through diversified sourcing strategies and proactive pricing adjustments [66][68] Question: Converting new business pipeline into revenue - Management is focusing on bringing in qualified leadership, rigorous management systems, and frequent high-level meetings with new partners to drive conversion [90][91] Question: Update on stock buyback - Management stated that they continually evaluate stock repurchase opportunities and have confidence in the company's future [96]