Ocado Group plc (OCDDY) Q2 2026 Earnings Call Transcript

Adam Warby

Good morning, everyone. It’s a pleasure to be with you here today and welcome you to Ocado’s 2026 First Half Results. For disappointed England football fans in the room, I can confirm that there are no immediate plans for us to develop our business in Argentina.

Before we kick off in earnest, I did want to reflect briefly on last week’s announcements about succession planning at Ocado. I appreciate that there’s been a lot of public speculation and commentary on this topic over recent weeks. We’ve announced a clear succession plan that gives certainty to everyone connected with the business, and that allows us now to focus on — our full attention on executing our strategy and continuing to deliver for our shareholders and partners. So with that in mind, I hope you’ll understand that it’s all — that’s all we’ll be saying on the matter this morning.

Today is about our strategy, updating on our strategy, the progress we’re making with our clients and our reinvigorated commercial focus worldwide. I’m going to hand over to Tim shortly, who’ll take you through the highlights, but I first wanted to reflect briefly on a few key items of progress that we’re making towards important goals for Ocado at this midpoint of the financial year.

Firstly, following the significant organizational changes at the end of the large R&D cycle