BUZZ-UK's Ocado hits FTSE midcaps bottom amid slower warehouse roll-outs

Reuters

2025/02/27

** Online supermarket Ocado's shares OCDO.L slide ~15% to 283.2 pence; on track to post worse day since Sept 2023 if trend holds

** Stock is the top loser on FTSE mid-caps .FTMC, which is down 0.9%

** Co slows roll-out of robotic warehouses for Kroger KR.N in Charlotte and Phoenix into 2026 year from 2025

** Posts pre-tax loss of 374.3 million pounds ($474.13 million) in the year to Dec. 1 2024, compared with loss of 387 million pounds in 2022-23

** "We do not anticipate meaningful changes to consensus estimates," JP Morgan analysts say

** Including session's losses, stock down ~6.5% YTD ($1 = 0.7895 pounds)

(Reporting by DhanushVignesh Babu in Bengaluru)

((DhanushVignesh.Babu@thomsonreuters.com;))

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