Ocado is set to receive $350M from Kroger (KR) after the grocer opted to shut down three robotic warehouses and scrapped plans for another facility, James Davey and Yadarisa Shabong of Reuters reports. Kroger built the warehouses with Ocado in Maryland, Wisconsin, and Florida, all of which will close in January.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KR:
- Kroger price target lowered to $70 from $78 at Wells Fargo
- Kroger Shells Out $350M to British Retailer Ocado after Robots Reversal
- Kroger Company: Strong Growth Potential and Strategic Investments Drive Buy Rating
- Kroger’s Q3 2025: Mixed Results Amid Strategic Shifts
- Kroger’s Earnings Call: Growth Amid Challenges