Ocado presented half-year results and customer insights
Chief Revenue Officer Nick de la Vega reflected on his first eight months and noted retailers value capacity, experience, and productivity over technology.
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Online grocery retailer and retail technology provider
ocadogroup.comLast updated
In short: Ocado reported half-year results, cut 1,000 jobs and confirmed Tim Steiner’s 2028 exit.
Chief Revenue Officer Nick de la Vega reflected on his first eight months and noted retailers value capacity, experience, and productivity over technology.
Excluding one-off fees, Technology Solutions revenue fell slightly. The company maintains strong liquidity and targets cash flow positivity in FY26.
The deal uses Ocado Smart Platform, including In-Store Fulfilment and last mile software, starting in 2027.
Technology operates in 127 warehouses and 1,000+ stores worldwide with 70 clients, 17,000+ bots, 431 pick arms, and 2,500+ AMRs.
The 2019 joint venture formed Ocado Retail and enabled M&S Food to sell online for the first time, in £750m deal...
Shares in the Hatfield, Hertfordshire-based grocer and warehouse technology company were up 11% at 196.15 pence in London on Tuesday afternoon. Ocado said it has...
J.P. Morgan analyst reiterated a Buy rating on Ocado Group today and set a price target of p245.00. TipRanks Welcomes a New ETF – NYSE:RANK...
Ocado sticks to cash flow target but shares slip on facility delays...
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