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Ocado upbeat on US prospects despite Kroger setback

British technology and online grocery group Ocado is confident it can secure new U.S. deals even after key partner Kroger moved last year to close three of its robotic distribution centres, Ocado CEO Tim Steiner said on Thursday.

Reuters • Feb 26, 2026
Ocado shares fall 9.5% as investors question cash flow promises

Online grocer targets positive cash flow next year but execution risks weigh on sentiment Shares in Ocado Group PLC (LSE:OCDO), the online grocery technology group, fell 9.5% to 212.68p in early trading as investors looked past a sharp rise in earnings and focused on execution risks surrounding the company's cash flow targets. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59% to…

Proactive Investors • Feb 26, 2026
UK's Ocado to cut 1,000 jobs in cost saving drive

Ocado , the British technology and online grocery group, plans to cut about 1,000 jobs as it targets savings of 150 million pounds ($203 million) in technology and support costs, its boss said on Thursday.

Reuters • Feb 26, 2026
Ocado expects to turn cash flow positive as it makes 'significant' job cuts

Ocado Group PLC said it is on track to turn cash flow positive next year after a strong rise in earnings from its technology arm and as it cuts a "significant" number of jobs. Adjusted earnings before interest, tax, depreciation and amortisation increased 59% to £178 million as group revenue swelled 12.1% to £1.4 billion in the 52 weeks to 30 November 2025.

Proactive Investors • Feb 26, 2026

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