Ocado sticks to cash flow forecasts; Shares slump
By Frank Prenesti
Date: Thursday 16 Jul 2026
(Sharecast News) - UK online grocery and warehouse tech group Ocado on Thursday said it still expected to be cash-flow positive by the end of this financial year, although investors were unimpressed, marking the shares down 10% in early London trade.
The company added that it was talking to "mutliple" retailers in the US after Kroger in the US, and Sobeys in Canada announced the closure of automated customer fulfilment centres last year, citing weak demand.
Termination payments of these contracts helped boost revenue for the six months to May 31 by 54% to £1.03bn. Excluding the fees sales were up only 1% to £684m.
Half-year adjusted earnings fell 12% to £81m. The company, which also runs an online grocery business with Marks & Spencer, held forecasts to turn cash flow positive in the current half and full-year cash flow positive next year.
Underlying cash outflow rose to £147m from £108m when the impact of the US warehouse closures was stripped out.
Reporting by Frank Prenesti for Sharecast.com
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