Ocado Group (GB:OCDO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Ocado Group has announced that Morrisons will gradually stop deliveries from its Erith fulfillment center, allowing Ocado Retail to gain additional capacity as it nears full utilization of its current network. This strategic move aims to support both companies’ growth in the UK online grocery market by optimizing the use of Ocado’s technology and infrastructure. Ocado expects the financial impact to be neutral across fiscal years 2025 and 2026.
For further insights into GB:OCDO stock, check out TipRanks’ Stock Analysis page.
