Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

306.70p
   
  • Change Today:
      2.00p
  • 52 Week High: 789.00
  • 52 Week Low: 281.00
  • Currency: UK Pounds
  • Shares Issued: 832.39m
  • Volume: 1,573,035
  • Market Cap: £2,552.94m
  • Beta: 1.75

Kroger places order for new Ocado automated technologies

By Alexander Bueso

Date: Monday 22 Jul 2024

LONDON (ShareCast) - (Sharecast News) - US grocery giant Kroger ordered two of Ocado's newest technology solutions for its existing and future customer fulfilment centres.
According to Ocado boss Tim Steiner, the solutions came amid a backdrop of "significant" pressures on supply chains to manage higher volumes and increased complexity in the face of headwinds from labour costs and availability.

"Today marks another exciting milestone in our partnership with Kroger," Steiner said.

"Our current CFCs are already helping to deliver a game-changing quality of service to their customers across the USA. We are excited for these latest technologies to further enhance that proposition, as well as the efficiency of Kroger's operations in live and future CFCs."

The new automation solutions included Ocado's On-Grid Robotic Pick and Automated Frameload.

Ocado said the innovations would allow Kroger to lower its costs further and boost its already market-leading customer proposition.

Japan's AEON had recently announced a decision to retrofit Ocado's OGRP technology into its operations, with OGRP already being rolled out at Ocado's UK CFCs.

When fully operational, OGRP was expected to pick over 70% of an extensive online grocery range.

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Ocado Group Market Data

Currency UK Pounds
Share Price 306.70p
Change Today 2.00p
% Change 0.66 %
52 Week High 789.00
52 Week Low 281.00
Volume 1,573,035
Shares Issued 832.39m
Market Cap £2,552.94m
Beta 1.75

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.16% below the market average13.16% below the market average13.16% below the market average13.16% below the market average13.16% below the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Price Trend
63.01% below the market average63.01% below the market average63.01% below the market average63.01% below the market average63.01% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income Not Available
Growth
12.77% below the market average12.77% below the market average12.77% below the market average12.77% below the market average12.77% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 5
Strong Sell 0
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 160 @ 306.70p
16:35 646,836 @ 306.70p
16:35 7,363 @ 306.70p
16:35 18,721 @ 306.70p
16:35 3,166 @ 306.70p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith
Chair Richard N (Rick) Haythornthwaite

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