17 July 2025
If you are covering Ocado’s H1 results, please see the following comment from Lucy Rumbold, equity research analyst at Quilter Cheviot:
“Ocado’s share price has climbed considerably since opening this morning – up by more than 12% - as the market reacts to a strong start to the year for the company and a robust set of earnings numbers. Ocado Retail has maintained its position as the UK’s fastest-growing grocer over for 12 consecutive months through to June 2025, and this continued growth means it is now approaching full capacity across its existing network.
“The company reported revenues up 13% compared to the same period last year, and its adjusted earnings were up by 77% compared to a year ago. This increase reflects growing profitability and operational improvements, with particular strength in its technology solutions.
“In another positive signal, the group reiterated its guidance, and its overall numbers were ahead of consensus estimates. The technology improvements have been a driving force for today’s numbers, and the market reaction offers a clear indicator that investors have hope that this progress will continue.”