BUZZ-UK's Ocado hits FTSE midcaps bottom amid slower warehouse roll-outs
ReutersFeb 27, 2025 9:25 AM
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)
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