Update on Kroger Partnership

Summary by AI BETAClose X

Ocado Group plc has announced an update regarding its partnership with Kroger, which will see Kroger close three Customer Fulfilment Centres (CFCs) in Frederick, Pleasant Prairie, and Groveland by January 2026, while continuing to operate five other CFCs. Ocado expects to receive over $250 million in compensation for the early closure of these sites, though this will reduce Ocado's fee revenue in FY26 by approximately $50 million. The company remains engaged with Kroger and anticipates significant growth in the US market through both CFCs and Store Based Automation.

Disclaimer*

Companies

Ocado Group (OCDO)
UK 100

Latest directors dealings