Ocado Group plc partnered with Asda to power the supermarket's online grocery operations through the Ocado Smart Platform. The agreement replaces Asda's existing e-commerce infrastructure with a rollout beginning in early 2027. This deal utilizes Ocado's end-to-end solutions, including its webshop, in-store fulfillment technology, and last-mile delivery software.
Ocado shares surged over 12% on May 29, 2026, following the announcement. The company expects the partnership to support its goal of becoming cash flow positive in the second half of the 2026 financial year. Ocado also projects positive cash flow for the full 2027 financial year.