ANALYST VIEWS: SHOULD INVESTORS DO THEIR SHOPPING AT OCADO?

ANDREW WADE | NUMIS

Ocado has posted a solid first quarter, with sales growth of +10.9 per cent, marginally ahead of guidance… Improvements over the last quarter (and the quarter to come) will enable the business to reaccelerate sales growth.

PHILIP DORGAN | PANMURE GORDON

We expect that the competitive environment will get tougher and that Ocado will struggle to demonstrate operational leverage... We believe that Ocado will continue to struggle to make money. We don’t buy the bull argument.

JAMES GRZINIC | JEFFERIES

Bottlenecks now solved... the group is set to be truly capacity unconstrained for the first time in its history and the wider competitive context may become a new area of focus.