Finance
Ocado shares extend decline after Kroger setback
Published by Global Banking & Finance Review®
Posted on November 19, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 19, 2025
1 min readLast updated: January 20, 2026
Ocado shares declined further after Kroger's closure of three U.S. delivery centers, affecting Ocado's revenue and future partnerships.
MILAN (Reuters) -Shares in Ocado fell further on Wednesday, adding to 17% slump the day before, after its partner Kroger announced the closure of three U.S. delivery facilities centres, in a blow for the British online supermarket.
The stock hit a fresh 12-year low in early London trading before paring some of those losses. By 0824 GMT, it was down 5% at 172.6 pence, while the broader FTSE 100 was just slightly lower on the day.
Ocado, which partnered with Kroger in 2018 to deploy its Smart Platform for automated fulfilment centres, will receive over $250 million in compensation, but expects an impact of about $50 million for its fee revenue in fiscal year 2026.
JPMorgan cut its Ocado target price to 290 pence from 356 pence.
Bernstein said on Tuesday it expected Kroger to cancel two more facilities scheduled to open next year and believes Ocado will struggle to secure additional significant partnerships in the U.S. following the Kroger setback.
Kroger expects the closures to have no impact on its core sales.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
Compensation refers to the payment or benefits provided to an individual or entity in return for services or losses. In the context of business, it often includes salaries, bonuses, and other financial incentives.
A stock represents a share in the ownership of a company and constitutes a claim on part of the company’s assets and earnings. Stocks are a common form of investment.
A partnership is a business arrangement in which two or more individuals share ownership and the responsibilities of managing the business. Partners share profits, losses, and liabilities.
A trading platform is software used by traders to buy and sell securities. It provides tools for analysis, order execution, and portfolio management.
Retailers are businesses that sell goods or services directly to consumers. They operate in various formats, including physical stores and online platforms.
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