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.

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.

Ocado: Reiterating Sell, Credit Profile Will Degrade With Rising Financing Costs

Ocado Group PLC (LSE:OCDO) may have impressed investors with a new overseas deal with South Korea's Lotte Shopping, but JPMorgan said to "justify" the current valuation the company still needs to sign around a dozen similar-sized deals. And that's with the stock at a third of levels 12 months ago.

Ocado downgraded by JPMorgan as needs a dozen more deals to 'justify valuation'

A fresh Ocado Group PLC (LSE:OCDO) overseas deal is a much-needed bit of positive news for the company, according to UBS, though others downplayed the impact. The FTSE 100-listed online grocery specialist said the deal for its Ocado Solutions business with the retail arm of South Korean conglomerate Lotte Group includes new technologies, meaning that multi-storey robot warehouses could be built for the first time.

Ocado deal gets Lotte love but sceptics still gonna sceptic

Ocado announces a major move into the South Korean market, boosting its presence in Asia.

Ocado Group Shares Soar 33% As It Announces South Korea Tie-Up

Ocado (LON: OCDO) share price popped by more than 30% on Tuesday as investors cheered the latest expansion of the company. The stock surged to a high of 625p, which was much higher than the year-to-date low of 382p.

Ocado share price just popped: How high can it go?

Ocado Group PLC OCDO, +34.21% said Tuesday that it and Lotte Shopping Co. have signed a partnership to develop Lotte's online business in South Korea with the Ocado Smart Platform.

Ocado signs partnership with South Korea's Lotte Shopping

Ocado Group PLC (LSE:OCDO) shares jumped 18.5% after it announced a further push into Asia with a tie-up with the retail arm of South Korean conglomerate, Lotte Group. The online food retailer has signed a deal with Lotte Shopping to develop Lotte's online business using the Ocado Smart Platform with plans for six customer fulfilment centres (CFCs).

Ocado surges after making further push into Asia with South Korean tie-up

Ocado (LON: OCDO) share price has made a slow comeback in the past few days as investors react to a major merger in American retail. The stock jumped to a high of 502p, which was much higher than this month's low of 391p.

Ocado share price has crawled back: Will these gains hold?

The Kroger Co's plans to acquire rival Albertsons Companies Inc, one of the biggest deals in US grocery history, could spell good news for Ocado Group PLC (LSE:OCDO). Kroger, the largest US grocery store, also happens to be Ocado's biggest client, and its merger with Albertsons could provide it with the leverage to compete with the likes of Wal-Mart Inc and Amazon.com.

Ocado could expand its US presence with Kroger and Albertsons merger

Shares in British online supermarket and technology group Ocado were up over 10% in late London trade on Thursday on hopes the company could benefit if U.S. grocery giant Kroger Co merges with smaller rival Albertsons Companies Inc.

Ocado shares jump over 10% on Kroger/Albertsons merger report

Ocado (LON: OCDO) share price continued unraveling as concerns about the company's demand continued. The stock plunged to a low of 445p, which was the lowest level since January 2018.

Ocado share price is plunging. How low can it drop?

Ocado Group PLC (LSE:OCDO) shares were downgraded to 'reduce' at HSBC and its target price slashed to 575p from 1000p after the online retailer warned earlier this month of falling sales as under pressure shoppers rein in spending. The broker said the recent profit warning highlighted challenges with the model - mainly lower profits as sales fall and incremental cost pressures from energy, dry ice, and fuel.

Ocado cut to 'reduce' at HSBC and target price slashed 42% after profit warning

U.K.-based Ocado Group OCDO, -3.15% was cut to underperform from neutral, with its price target slashed 39% by Credit Suisse analysts on Wednesday. The online grocer and retail-technology specialist on Tuesday reported higher revenue in the third quarter of fiscal 2022, but forecast a sales drop due to inflationary pressures on consumers.

U.K.'s Ocado Group cut to underperform, target slashed at Credit Suisse

When Ocado Group PLC (LSE:OCDO) warned on profits this morning it led to yet another round of “jam tomorrow” headlines. It was only a few months since a similar account of plum preserve postponement featured on this website, with words of warning about the effects of cost inflation and the squeezed consumer in May and March – oh and even back in February too.

Patience wearing thin for Ocado Group PLC supporters club

Ocado (LON: OCDO) share price collapsed by more than 12% on Tuesday after the company published a weak trading statement. The stock crashed to a low of 700p, which was substantially lower than last week's high of 981p.

Ocado share price plummeted after earnings. It could get worse

Shares at Ocado Group PLC (LSE:OCDO) fell 13% following a warning of lower sales and profits at its Ocado Retail joint venture. Richard Hunter, head of markets at interactive investor said today's warning from Ocado Group PLC of lower sales and profits at Ocado Retail has the impact of confining Ocado to becoming a perennial “jam tomorrow” stock.

Market movers: Ocado Group slides after warning at retail joint venture

Ocado Retail, the joint venture between Ocado Group PLC (LSE:OCDO) and Marks and Spencer Group PLC (LSE:MKS), has warned it expects a fall in sales this year following a decline in trading in recent weeks as customers trade down and put fewer items in their baskets. Even though customer numbers are up, the online food retailer warned that full-year sales in 2022 will decline, with EBITDA "close to break-even" as cost headwinds, predominantly from rising prices of energy and dry ice, are likely to weigh on profitability in the fourth quarter.

Ocado and M&S fall as joint venture issues another profit warning

Ocado Group expects decline in full-year sale as inflation hits customers

Ocado Group PLC (LSE:OCDO) (Ocado Group PLC (LSE:OCDO)) received a boost today as Barclays upgraded its rating on the company seeing the risks as more evenly balanced now. Moving its rating to equal weight from underweight Barclays said “with retail sales set to improve, balance sheet concerns reduced for the time being and customer fulfilment centre deal flow expectations tempered, we think the balance of upside and downside risks is now more evenly poised.

Ocado boosted by upgrade by Barclays

Ocado PLC saw its shares rise in early trading on Thursday supported by news of an upgrade in rating from Barclays following recent results. The bank's analysts have upped their rating for the grocery technology firm to 'equal weight' from 'underweight' albeit with an almost halved target price of 775p, down from 1,500p.

Ocado lifted by news of an upgrade in rating from Barclays following recent results

Ocado (LON: OCDO) share price remained under intense pressure on Monday as concerns about the e-commerce and technology company remained. The shares dropped to a low of 867p, which was lower than last week's high of 987p.

News for Ocado Group PLC Stock (OCDDY)