Companies reporting w/c 14 September

We gives our thoughts on what to expect from companies announcing results week commencing 14 September 2020.


Ocado Group Plc (Q3 2020 Sales and Revenue Release - Trading Statement)

This third quarter update from Ocado will only cover trading up to 1st September, which is the day the all-important new Marks & Spencer grocery delivery service began. However, there’s little doubt that the market will be most interested in any comments about the level of demand seen from customers in the first few days given the extensive advertising campaign ahead of the launch and the significance of the new service to both companies. Investors will also be looking to see if revenue growth on the retail side has continued to be strong even as more people head back to the high street.

We currently list Ocado as HOLD.


Next Plc (Q2 2020 Earnings Release)

Shares in clothing retailer Next have recovered well from their April low, outperforming the market so far this year. Sales in the second quarter, as the shops began to reopen, were better than expected and investors will be keen to hear if that continued in August. Any guidance on full-year profits will also be of interest, In July the company said it expected £195m, which is a big drop from the £729m it made last year but was actually better than many in the market had been forecasting. Any comments on returns to shareholders will also be a focus but will depend on the company’s cash levels.

We currently list Next as HOLD

All information given including prices, yields and our opinion is correct at the time of publication. Our opinions on investments can change at any time and for our latest view please go to To understand how our Investment research team arrive at their views please read our Investment Research Policy.

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