Ocado Group PLC Sponsored ADR (OCDDY)
OTC PINK OTC PINK Primary 
Ocado Retail delivery awaited as control of online JV passes to M&S
Ocado Group PLC (LSE:OCDO) will provide a trading update on Tuesday for its Ocado Retail joint venture, having stated earlier this month that it is preparing to relinquish rights to partner Marks and Spencer Group PLC (LSE:MKS). Final results for 2024 from the grocery delivery group saw the JV recognised as a 'discontinuing operation'.
Ocado share price target hacked down by Deutsche on thin guidance
Ocado Group PLC has faced a hefty share price target cut by Deutsche Bank analysts after disappointing with thin guidance in results late last month. Deutsche took its price target from 660p to 370p in a note, as forecasts were dashed for the coming year.
Ocado Group plc (OCDGF) Q4 2024 Earnings Call Transcript
Ocado Group plc (OTCPK:OCDGF) Q4 2024 Earnings Conference Call February 27, 2025 4:30 AM ET Company Participants Adam Warby - Chairman Stephen Daintith - Non-Executive Director Tim Steiner - Chief Executive Officer Conference Call Participants Tintin Stormont - Deutsche Numis James Lockyer - Peel Hunt Sarah Roberts - Barclays William Woods - Bernstein Giles Thorne - Jefferies Marcus Diebel - JPMorgan Luke Holbrook - Morgan Stanley Sreedhar Mahamkali - UBS Adam Warby Well, good morning, everyone and welcome to the Ocado Group Fiscal Year 2024 Full Results Presentation. A new face to you here.
Despite slowdown Ocado upbeat on long-term Kroger site roll-out
Ocado , the British online supermarket and technology group, is confident its U.S. grocery partner Kroger will eventually open "a significant number" of automated warehouses despite a slowdown in the roll-out of sites, Ocado's boss said.
Ocado shares plunge £600M as cost-cutting plan signals market scepticism
Ocado's latest financial update has sent shockwaves through the market, with its share price plummeting by as much as 18% on Thursday morning. Despite showing some signs of improvement in its annual results, the company's decision to cut research and development (R&D) spending and streamline operations has failed to reassure investors.
Ocado dumped 16% lower as it prepares to relinquish JV to Marks & Spencer
Ocado Group PLC (LSE:OCDO) shares have tumbled almost 20% even though results looked pretty good for the grocery delivery group, with analysts saying the outlook looked a little thin and that more investors may be getting impatient with the continued lack of cash flow. Broker Peel Hunt hailed "robust" 14.1% revenue growth, a 197% improvement in adjusted EBITDA and a £249 million improvement in underlying cash outflow "due to enhanced operational efficiencies from growing revenues, operating leverage, and reduced capex".
Ocado says on track to turn cash flow positive in 2026
Ocado , the British online supermarket and technology group, reported a smaller annual loss and said it was on track to hit its key target of turning cash flow positive in its 2025-26 year.
Ocado increases underlying profit and reaffirms 2026 cashflow guidance
Ocado Group PLC (LSE:OCDO) reported an increase in underlying profit and trimmed its statutory losses for last year, saying it remains confident of producing positive cashflows by 2026. Results for 2024 from the grocery delivery group show revenues of £3.2 billion, down 14.1%, as its Technology Solutions arm saw a decline of 18%, Ocado Logistics 7.6% and the Ocado Retail joint venture with Marks and Spencer Group PLC (LSE:MKS) fell 14%.
OCADO GROUP (OCDDY) Upgraded to Buy: What Does It Mean for the Stock?
OCADO GROUP (OCDDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ocado Group plc (OCDGF) Q4 2024 Earnings Call Transcript
Ocado Group plc (OTCPK:OCDGF) Q4 2024 Results Conference Call January 14, 2025 3:00 AM ET Company Participants Hannah Gibson - CEO Mat Ankers - CFO Conference Call Participants Manjari Dhar - RBC Luke Holbrook - Morgan Stanley William Woods - Bernstein Sarah Roberts - Barclays Tintin Stormont - Deutsche Numis Operator Good morning, and welcome to the Ocado Q4 2024 Analyst Call. I will now hand over to Chief Executive Officer, Hannah Gibson.
M&S product-fuelled growth splits analyst views on Ocado
Ocado Retail's bumper Christmas and fourth quarter trading has split opinion among analysts. The Ocado Group PLC (LSE:OCDO) and Marks and Spencer Group PLC (LSE:MKS)-owned online supermarket on Tuesday flagged a “record” Christmas and full-year revenue of £2.69 billion, up 13.9%.
Ocado Retail's relationship with M&S is strong, says CEO
British online supermarket Ocado Retail's relationship with shareholder Marks & Spencer is strong, its boss said on Tuesday.
