Key Facts

• Ocado reports interim results on 16 July, with analysts expecting a 9.5% rise in revenue to £1.49 billion and a 12% decline in pre-tax losses to £219.57 million for the full year to November 2026.
• The company's UK retail joint venture with Marks & Spencer has delivered double-digit revenue growth in FY25, driven by higher active customer numbers and increased order volumes.
• Investors will be looking for evidence that Ocado's Solutions division is winning new international customers, as the pace of signing new partners has slowed over the past two years due to higher interest rates and macroeconomic uncertainty.
• Ocado's share price has declined 27% this year, despite improving retail performance and optimism about its technology revenues, with the current share price standing at 165.7 pence, a 13-year low.
• Analyst sentiment towards Ocado remains mixed, with three analysts rating the stock as a 'strong buy', four as a 'buy', four as a 'hold', while two have a 'sell' rating and one recommends 'strong sell', according to LSEG Data & Analytics.