Ocado Group PLC (OTCPK:OCDGF)
$ 4.51 -0.17 (-3.63%) Market Cap: 3.81 Bil Enterprise Value: 5.34 Bil PE Ratio: 0 PB Ratio: 2.07 GF Score: 67/100
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Q3 2021 Ocado Group PLC Trading Statement Call Transcript

Sep 14, 2021 / 06:30AM GMT
Release Date Price: $26.31
Operator

Good day, and welcome to the Ocado Q3 Analyst Call. At this time, I would like to turn the conference over to David Shriver. Please go ahead.

David M. Shriver
Ocado Group plc - Communications Director

Thank you, and good morning, everyone. This is David Shriver, Communications Director of Ocado Group. Welcome to the third quarter trading update for Ocado Retail, which, as you all know, is a 50-50 joint venture between Ocado Group and M&S. I'm joined today by Tim Steiner, Chief Executive Officer of Ocado Group and Chairman of Ocado Retail; and Niall McBride, the Chief Financial Officer of Ocado Retail.

Now we'll begin by reviewing the highlights of the quarter and then hand over to Tim, who will sum up. We'll then go to questions, where Stephen Daintith, Ocado Group CFO, will also be on the call.

Niall, over to you.

Niall McBride

Thanks, David. We are very pleased to report resilient underlying performance throughout the third quarter. Although Q3 headline sales were down 10.8%, this really was a

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