Reported about 7 hours ago
Ocado, the British online supermarket, reported a reduced annual loss and is on track to achieve positive cash flow by the 2025-26 fiscal year. Despite facing challenges in expanding its robotic warehouse systems with partners like Kroger and Sobeys, the company showed improved core earnings, indicating a stronger performance across its technology and retail divisions. Ocado expects to launch seven new customer fulfillment centers in the next three years, although some will be delayed.
Source: YAHOO