Update on Sobeys Partnership

Summary by AI BETAClose X

Ocado Group plc has announced an update to its partnership with Sobeys, which includes the closure of its Calgary Customer Fulfilment Centre (CFC) due to slower than anticipated e-commerce market growth in Alberta, for which Ocado expects to receive £18m in compensation this financial year, though this closure will reduce Ocado's fee revenue by £7m in FY26. The partnership will continue to focus on Ontario and Quebec with the Voilà banner, supported by existing CFCs in Toronto and Montreal, where Ocado is deploying new technology including 'Ocado Swift Router' and integration with third-party platforms. Development of the Vancouver CFC remains paused, and Sobeys continues to utilize Ocado's in-store fulfilment software across 87 stores. Ocado reaffirms its priority of achieving cash flow positivity in FY26.

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Ocado Group (OCDO)
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