"Ocado’s retail delivery business is around 20 years old and the business has never consistently made a profit, on a statutory basis, other than during the pandemic, and then it was unable to scale up fast enough,” Russ Mould, investment director at AJ Bell told City A.M.
And more pungent stuff in the following paragraphs, but pasting more goes beyond fair use.
Ocado remains a mystery to me - it has never made profits yet it operates in the most developed online grocery market. Its technology partnerships have never grown to a point where it has multiple partnerships on a continent. Yet, Ocado believes that they have a winning solution when you attend talks or events where their leadership speaks.
Why do analysts believe that this company will only become profitable in 2026 - that is another 3,5 years away?
A good reminder that the last mile is the only mile that matters in terms of cost.