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Ocado Group plc (OCDGF)
:OCDGF
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.33Last Year’s EPS
-0.39Same Quarter Last Year
Moderate Sell
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 16, 2024
|% Change Since: -15.54%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted substantial revenue growth, improved operational efficiency, and increased customer satisfaction, with some challenges related to capacity and a minor technical issue during a peak period. The strategic focus on enhancing customer value and operational efficiency positions the company well for future growth.Company Guidance
During the Ocado Q4 2024 Analyst Call, CEO Hannah Gibson highlighted several key performance metrics and strategic initiatives that drove the company's successful year. Retail revenue for the quarter grew by 17.5% to GBP 716 million, with volumes on ocado.com increasing by 17% year-on-year and average orders per week rising by 16.9% to 476,000. For the full fiscal year, retail revenue increased by 13.9% to GBP 2.668 billion, while the active customer base expanded by 12.1% to 1.1 million customers. The average basket value also saw a modest rise of 1% to GBP 122.09. Operational efficiency improved, with average units per hour (UPH) at their CFCs increasing by 15% to 220, and the newest CFC in Luton achieving 269 UPH. Ocado's focus on enhancing customer service and value perceptions led to their Net Promoter Score (NPS) increasing by 4.9 percentage points. Looking forward to FY 2025, Ocado anticipates continued sales volume growth, aiming for mid-high single-digit adjusted EBITDA margins in the midterm, with further advancements in operational efficiency and capacity utilization.Significant Retail Revenue Growth
Retail revenue grew by 17.5% to GBP 716 million in Q4 and by 13.9% to GBP 2.668 billion for the full fiscal year 2024.
Increase in Average Orders and Active Customer Base
Average orders per week grew by 16.9% to 476,000 in Q4, with an active customer base increase of 12.1% to 1.1 million.
Operational Efficiency Improvements
CFC efficiency improved with average units per hour rising to 220, up 15% year-on-year, and the Luton CFC reaching 269 UPH.
Customer Satisfaction and NPS Growth
NPS score increased by 4.9 percentage points, marking the highest NPS in the industry.
Strategic Focus on Customer Proposition and Smart Growth
Ocado plans to continue focusing on unbeatable choice, unrivaled service, and good value while increasing customer lifetime value and operational efficiency.
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OCDGF Earnings History
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
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OCDGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jul 16, 2024 | $4.44 | $4.66 | +4.95% |
| Feb 29, 2024 | $6.14 | $6.52 | +6.19% |
| Jul 18, 2023 | $7.75 | $8.77 | +13.16% |
| Feb 28, 2023 | $7.39 | $6.81 | -7.85% |
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.
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FAQ
When does Ocado Group plc (OCDGF) report earnings?
Ocado Group plc (OCDGF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Ocado Group plc (OCDGF) earnings time?
Ocado Group plc (OCDGF) earnings time is at Feb 27, 2025, TBA Not 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 OCDGF EPS forecast?
OCDGF EPS forecast for the fiscal quarter 2024 (Q4) is -0.33.
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