Ocado Group PLC

Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services. The International Solutions segment deals with international partners for the provision of Ocado Smart Platform. The company was founded by Jonathan Faiman, Jason Gissing, and Timothy Steiner in April 2000 and is headquartered in Hatfield, the United Kingdom.

Last time we heard from Ocado Group PLC (LSE:OCDO) it blamed Ocado Retail, its joint venture with Marks and Spencer Group PLC (LSE:MKS), for its ballooning losses.  Next Tuesday we get a first-quarter update on the JV, where the online grocery group expects revenue to grow at mid-single digits with an "improving trajectory" during the year.

Ocado and M&S update on online grocery joint expected to show improvements

Ocado has partnered with digital marketing company The Trade Desk to become the first UK grocer to give access to all of its customer behaviour data to marketers.   The FTSE 100 company's suppliers and Trade Desk's clients will use the retailer's audiences to target in-market shoppers and drive key marketing objectives, such as customer acquisition and brand loyalty, according to the website Chargedretail.

Ocado becomes first UK grocer to give all its customer data to marketers

Ocado (LON: OCDO) share price recoiled on Thursday as the fallout of its weak earnings continued. The stock plunged to a low of 515p, the lowest point since November.

Ocado business model is broken: should you buy its shares?

Ocado Group PLC (LSE:OCDO) management revealed that after opening nine robot-run warehouses – or customer fulfilment centres (CFCs) as it calls them – last year, it expects this to slow to five additions in 2023, with broadly similar numbers in the next few years. The fact that 23 CFCs are now open, with more outside the UK than inside, was one of “lots of interesting operational details” the FTSE 100-listed company shared with analysts after its results this week, said Barclays, with plenty of the sort of details that get Ocado investors salivating.

Ocado to slow overseas openings but launch automation arm for non-grocery clients this year

Ocado Group plc (OTCPK:OCDGF) Q4 2022 Earnings Conference Call February 28, 2023 4:30 AM ET Company Participants Rick Haythornthwaite - Chairman Stephen Daintith - Chief Financial Officer Tim Steiner - Chief Executive Officer James Matthews - Chief Executive Officer, Ocado Technology Mark Richardson - Chief Operating Officer Hannah Gibson - Chief Executive Officer, Ocado Retail Conference Call Participants Nick Coulter - Citi Andrew Gwynn - BNP Paribas Exane Mark Stuart - JPMorgan Luke Holbrook - Morgan Stanley William Woods - Bernstein Charles Allen - Bloomberg Intelligence Sreedhar Mahamkali - UBS Rick Haythornthwaite Well, good morning everybody and welcome to Ocado's Full Year Results for Financial Year 2022. As Tim said in his quote earlier, during the past year, every company has had its more tested by a combination of macroeconomic and geopolitical headwinds.

Ocado Group plc (OCDGF) Q4 2022 Earnings Call Transcript

Ocado Group PLC (LSE:OCDO), to put it simply, is two businesses rolled into one, which has sparked debate on where its focus should lie. There is Ocado Solutions, which looks to partner with retailers seeking to streamline their own delivery services by using the FTSE 100 company's technology.

Ocado at crossroads once again over its retail and solutions arms

Ocado Group PLC (LSE:OCDO)'s prelims are expected to lead to a 'downward revision' of consensus forecasts, according to broker Peel Hunt. The company missed both revenue and profit expectations, with revenue down by 2% compared to forecasts, and EBITDA down by 49% due to increased costs.

Ocado prelims likely to prompt forecast downgrades, says broker

Ocado Group PLC (LSE:OCDO) results were "awful" or "better", depending on which analyst you asked, with Barclays' suggestion that "the market may be pleased" totally wrong as the shares tumbled over 10%. Full-year underlying losses of £74mln on an EBITDA basis were worse than the £66mln loss that City analysts had forecast on average for the FTSE 100 online grocery company.

Ocado results "awful" or "better" depending on which analyst you ask

Ocado Group PLC reported on Tuesday a widened pretax loss for fiscal 2022, dragged by costs pressures and investments at Ocado retail, and as revenue missed market expecations.

Ocado loss widens on higher costs, while revenue disappoints forecasts

Ocado Group PLC (LSE:OCDO) reported flat revenue but widened full-year losses on Tuesday as cost pressures and investments made to support Ocado Retail took their toll. The online food retailer said revenue was broadly flat at £2.5bn in the 12 months to December 31, up 0.6%, with strong growth in Solutions revenue offset by a decline at Ocado Retail.

Ocado Group losses widen as Ocado Retail swings into the red

Ocado Group PLC (LSE:OCDO) issued four profit warnings last year and it seems the market is not sure what to expect from full-year results, with the shares roughly flat since early November. While many analysts have issued sceptical previews in recent months, the company seems to surprise with good news almost as often as bad.

Ocado results to offer investors clarity on Tuesday

Ocado Group PLC's (LSE:OCDO) full-year results are on the conveyor belt towards publication on the last day of February, with the share price down 13% over the past month. Anyone who sold their shares in the online delivery group in recent weeks perhaps was shrewd enough to take notice of previous patterns, which some have suggested should lead investors to sell Ocado before results are released, especially with four profit warnings last year and another weak update for its UK joint venture with Marks and Spencer last month.

Ocado results are coming - have you sold your shares in preparation?

Ocado Group PLC (LSE:OCDO) may be overstating its cash flow potential, according to RBC Capital Markets, leading analysts to downgrade the grocery-cum-warehouse technology company's share price target by 20%.  The group has “great technology, but at a great cost”, said RBC, while also predicting that additional financing will be needed in the midterm despite Ocado's optimistic projections.

Ocado has ‘great technology but at a great cost', reckon RBC analysts

After four profit warnings last year, Ocado Group PLC (LSE:OCDO) was the biggest faller on the FTSE 100 for 2022 and some investors have been spying a bargain, with the shares up close to 30% over the four weeks running up to today's results. This has been the pattern for Ocado shares in recent years, with a perpetual cycle of disappointment and hope that possibly tempts some long-term investors as well as short-term traders.

Ocado lowers expectations again but keeps hope alive despite 'ludicrous' update

Ocado Retail, the UK online grocery joint venture between Ocado Group PLC (LSE:OCDO) and Marks and Spencer Group PLC (LSE:MKS), was not expected to blow the socks of shareholders with today's full-year trading statement. A trade down among inflation-hit customers resulted in a slew of profit warnings throughout 2022, with the group forecasting a year-on-year sales decline and a “close to break-even” for underlying profits (EBITDA).

Ocado Group grows its customer base, but thriftier spending weighs on revenues

Ocado backs full year view after strong quarter, record Christmas performance

Experian PLC

Ocado Group PLC (LSE:OCDO) delivers the report that some thought was coming in December, based on previous year's updates.  Another blue-chip reporter on the day will be Experian (LSE:EXPN), where analysts will zero in on any outlook comments based on whether its treasure trove of data is staring to throw out warning signs.

Ocado and Experian update plus UK macro data, Tuesday's agenda

Ocado (LON: OCDO) share price had a strong start of the year even as concerns about e-commerce stocks rise. The shares have risen by more than 16% in 2023, making it the top-performing stock in the FTSE 100.

Ocado share price is soaring but major headwinds remain

Londoners could have their groceries delivered by autonomous vehicles under plans being trialled by grocery giant Asda, delivery specialist Ocado and tech company Wayve in the U.K. capital.

Autonomous Grocery Trucks Roll Into London As Asda, Ocado And Wayve Test Tech

Tesco PLC

Tesco (LON: TSCO) and Ocado (LON: OCDO) share prices retreated on Friday after the latest worrying UK retail sales numbers. Ocado shares retreated to 655p, which was lower than the November high of 945p.

Tesco vs Ocado: Better buy as UK retail sales slip

Ocado Retail, the UK online grocery joint venture between Ocado Group PLC (LSE:OCDO) and Marks and Spencer Group PLC (LSE:MKS), is expected to provide an update on Tuesday after issuing at least three profit warnings this year. The last update, in September, revealed that sales were expected to decline for the year amid a customer trend to trade down and put fewer items in their baskets.

Can Ocado avoid its fourth (or is it fifth) profit warning of the year?

Ocado will pause the construction of more automated distribution centers in the U.K. In a recent presentation to analysts, the U.K.-based online grocer said the opening of two new customer fulfillment centers (CFCs) initially planned for 2024 and 2025 would be put on ice as the firm restrategizes to reflect weaker demand.

Ocado Puts New Warehouses on Ice as Sales Slump

Ocado (LON: OCDO) share price has erased most of the gains it made earlier this month as demand for the stock eases. The stock plunged to a low of 622p on Monday, significantly lower than the month-to-date high of 942p.

Ocado share price has recoiled: is it safe to buy the dip?

The great economist and investor John Maynard Keynes once said, “When the facts change, I change my mind." Well, I'm changing my mind about Ocado Group PLC ( LSE:OCDO , Financial).

Changing My Mind on Ocado PLC

Market expectations for Ocado appear low, given the cost-of-living crisis in the UK negatively affecting retail. In the longer term, the business will likely be dependent on the company having access to financing.

News for Ocado Group PLC Stock (OCDDY)