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Ocado Group ( (GB:OCDO) ) has shared an update.
Ocado Group has announced that its partner, Kroger, will close three Customer Fulfillment Centers (CFCs) in Frederick, Pleasant Prairie, and Groveland by January 2026. Despite these closures, Ocado will continue to support Kroger’s operations in other locations and expects to receive over $250 million in compensation for early site closures, although it anticipates a reduction in fee revenue by approximately $50 million for FY26. The company remains optimistic about significant growth in the US market through both CFCs and store-based automation.
The most recent analyst rating on (GB:OCDO) stock is a Hold with a £215.00 price target. To see the full list of analyst forecasts on Ocado Group stock, see the GB:OCDO Stock Forecast page.
Spark’s Take on GB:OCDO Stock
According to Spark, TipRanks’ AI Analyst, GB:OCDO is a Neutral.
Ocado Group’s overall stock score is primarily impacted by its financial performance challenges, including declining revenues and high leverage. Technical indicators suggest a bearish trend, and valuation metrics are weak due to ongoing losses. While the earnings call provided some positive strategic insights, the company’s ability to improve profitability remains uncertain.
To see Spark’s full report on GB:OCDO stock, click here.
More about Ocado Group
Ocado Group is a prominent player in the retail technology industry, specializing in automated customer fulfillment solutions. The company focuses on enhancing logistics operations and driving growth through its innovative technology, primarily targeting the grocery sector.
Average Trading Volume: 2,879,037
Technical Sentiment Signal: Sell
Current Market Cap: £1.86B
For detailed information about OCDO stock, go to TipRanks’ Stock Analysis page.