The earnings call presented a balanced view with notable revenue growth and strong liquidity, contrasted by increased costs in service delivery and finance. The company is making strides in new market launches and improving productivity, but faces challenges in maintaining margins amid cost pressures.

Company Guidance

In the call, the Ocado Group emphasized several key metrics and strategic priorities. The company aims to become cash flow positive by fiscal year 2026 through disciplined capital allocation, lean operations, and enhanced execution. Revenue growth was reported at 13% for the first half, driven by a 15% increase in Technology Solutions and a 12% rise in Logistics. The company also achieved an underlying cash flow improvement of GBP 93 million year-over-year. Group adjusted EBITDA increased by GBP 40 million to GBP 92 million, with Technology Solutions contributing GBP 73 million of that and maintaining a healthy mid-20% EBITDA margin. Ocado's liquidity at the end of June was nearly GBP 1.2 billion, supported by a GBP 300 million revolving credit facility and GBP 866 million in cash. The company plans to manage its debt maturities through existing liquidity and improving cash flows, aiming for full-year cash flow positivity by 2027. Ocado's strategy includes evolving its commercial offerings, focusing on partner success, and adjusting exclusivity terms to foster new partnerships.

Revenue Growth

Revenue increased by 13% overall, with Technology Solutions growing 15% and Logistics by 12%.

Improved Cash Flow

Underlying cash flow improved by GBP 93 million year-over-year.

Strong Liquidity Position

Liquidity reached GBP 1.2 billion, supported by a GBP 300 million raise and cash of GBP 866 million.

Technology Solutions Performance

Reported a GBP 73 million EBITDA with a mid-20% EBITDA margin.

Ocado Retail Revenue Growth

Ocado Retail reported a 16% revenue growth, with customer numbers and order frequency rising.

New Market Launches

Successful launches in Korea and Saudi Arabia, showcasing the flexibility of Ocado's solutions.

Strong Productivity Metrics

Luton site achieved 287 UPH, with potential to exceed 300 UPH, indicating improved labor productivity.

Ocado Group (GB:OCDO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:OCDO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	-0.25 / -	-0.313	―	―	―
Jul 17, 2025	2025 (Q2)	-0.19 / -0.17	-0.166	-1.81% (>-0.01)
Feb 27, 2025	2024 (Q4)	-0.26 / -0.31	-0.309	-1.29% (>-0.01)
Jul 16, 2024	2024 (Q2)	-0.23 / -0.17	-0.243	31.69% (+0.08)
Feb 29, 2024	2023 (Q4)	-0.35 / -0.31	-0.31	0.32% (<+0.01)
Jul 18, 2023	2023 (Q2)	-0.26 / -0.24	-0.287	15.33% (+0.04)
Feb 28, 2023	2022 (Q4)	-0.28 / -0.31	-0.178	-74.16% (-0.13)
Jul 21, 2022	2022 (Q2)	-0.27 / -0.29	-0.105	-173.33% (-0.18)	―	―
Feb 08, 2022	2021 (Q4)	-0.22 / -0.18	-0.064	-178.12% (-0.11)	―	―
Jul 06, 2021	2021 (Q2)	-0.09 / -0.10	-0.114	7.89% (<+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:OCDO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	235.50p	279.00p	+18.47%
Feb 27, 2025	333.20p	273.00p	-18.07%
Jul 16, 2024	340.40p	360.50p	+5.90%
Feb 29, 2024	490.70p	511.40p	+4.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ocado Group plc (GB:OCDO) report earnings?

Ocado Group plc (GB:OCDO) is schdueled to report earning on Feb 26, 2026, Before Open (Confirmed).

What is Ocado Group plc (GB:OCDO) earnings time?

Ocado Group plc (GB:OCDO) earnings time is at Feb 26, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Ocado Group plc stock?

The P/E ratio of Ocado Group is N/A.

What is GB:OCDO EPS forecast?

GB:OCDO EPS forecast for the fiscal quarter 2025 (Q4) is -0.25.

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