Ocado Group PLC Sponsored ADR (OCDDY)
Ocado reveals mutual exclusivity has now expired with partners in most markets
Ocado Group PLC (LSE:OCDO) has confirmed that mutual exclusivity has ended with retailers in most markets where its technology is live. This includes the United States, where Ocado works with Kroger, from the end of 2025.
UK's Ocado says exclusivity with most international retailers ends
Britain's Ocado said on Tuesday that its exclusivity with retailers for its technology allowing them to pick and dispatch online food orders from vast robotic warehouses has ended in most markets, including in the U.S. with Kroger.
Ocado receives $350m in compensation from Kroger after CFC network changes
Ocado Group PLC (LSE:OCDO) has agreed a one-off cash payment of $350 million from Kroger Co (NYSE:KR, XETRA:KOG) after changes to the US partner's fulfilment network. The payment follows Kroger's decision to close three customer fulfilment centres (CFCs) in January 2026 and to cancel plans for the Charlotte, North Carolina site.
All You Need to Know About OCADO GROUP (OCDDY) Rating Upgrade to Buy
OCADO GROUP (OCDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is Ocado's Kroger news a silver-lining or knockout blow?
The announcement that three Ocado Group PLC (LSE:OCDO) warehouses are to be closed by US grocer Kroger Co (NYSE:KR, XETRA:KOG) is "not as bad as it could have been", some analysts think, while others said it was a "near knockout blow". Kroger announced the closure of three out of eight Ocado sites and has expanded its relationship with other delivery platforms Instacart, Doordash and Uber Eats to improve its e-commerce profitability.
Ocado dealt 'dreadful blow' as Kroger closes three robot warehouses
Ocado Group PLC (LSE:OCDO) shares slumped over 19% to 174p, around lows last seen over a decade ago, after US grocery client Kroger said it would shut down three of the warehouses that rely on the online grocery supplier's technology. Kroger Co (NYSE:KR) announced that it will close three operating customer fulfilment centres, in Frederick, Maryland; Pleasant Prairie, Wisconsin; and Groveland, Florida by January.
Ocado momentum is building and the bears are running out of steam, says US bank
JP Morgan has doubled down on its upbeat view of Ocado Group PLC (LSE:OCDO), keeping an “overweight” rating and lifting its price target to 437p. The bank's argument is simple: the company is now at a turning point operationally, with the data increasingly supporting the bulls.
Ocado Group plc (OCDGF) Q2 2025 Earnings Call Transcript
Ocado Group plc (OTCPK:OCDGF) Q2 2025 Earnings Conference Call July 17, 2025 4:30 AM ET Company Participants Adam Hugh Warby - Corporate Participant Independent Non-Executive Chair of the Board - Corporate Participant Stephen Wayne Daintith - CFO & Executive Director Timothy Steiner - CEO & Executive Director Conference Call Participants Giles Thorne - Jefferies LLC, Research Division Marcus Diebel - JPMorgan Chase & Co, Research Division Maria Christina Stormont - Deutsche Bank AG, Research Division Oliver Tipping - Peel Hunt LLP, Research Division Sarah Roberts - Barclays Bank PLC, Research Division Sreedhar Mahamkali - UBS Investment Bank, Research Division Adam Hugh Warby Independent Non-Executive Chair of the Board Well, good morning, everyone. I was sometimes used to the voice of God announcement when you get up on the stage, but it was just quiet whispers from Nick.
Ocado leaps after reporting strong first half and solid pipeline
Ocado Group PLC (LSE:OCDO) shares whizzed 13% higher after the online delivery group reported a 13.2% increase in revenue and a 77% increase in underlying profits in the first half of the year. Revenue of £674 million was generated in the 26 weeks to 1 June, with 14.9% growth from the Technology Solutions arm, which builds robot-run warehouses (or 'customer fulfilment centres') for overseas grocery groups, and 12.1% from Ocado Logistics, which operates CFCs and delivery services for UK partners, Ocado Retail and Morrison Supermarkets.
Britain's Ocado says core priority to turn cash flow positive in 2025/26
Ocado , the British online supermarket and technology group, said its core priority was to turn cash flow positive in its next financial year, as it reported a 76.5% rise in underlying earnings in its first half on Thursday.
Ocado to help build new warehouse for Catalan partner Bon Preu
Ocado Group PLC (LSE:OCDO) has won a contract extension with grocer Bon Preu in the Spanish region of Catalonia. Under the expanded contract, the FTSE 250 group will help construct a delivery warehouse – or customer fulfilment centre (CFC) as it calls them – in Parets del Vallès, just north of Barcelona.
Ocado draws $152m from Kroger-linked credit facility
Ocado Group PLC (LSE:OCDO) has tapped into a $152 million Letter of Credit as part of its long-standing partnership with US retailer Kroger Co (NYSE:KR, ETR:KOG). The Letter of Credit, arranged back in 2018 when Ocado and Kroger teamed up to build Kroger's online grocery business, was set to mature after seven years.
