Ocado Group PLC Sponsored ADR (OCDDY)
OTC PINK OTC PINK Primary Summary
Ocado receives $350m in compensation from Kroger after CFC network changes
Ocado Group PLC (LSE:OCDO) has agreed a one-off cash payment of $350 million from Kroger Co (NYSE:KR, XETRA:KOG) after changes to the US partner's fulfilment network. The payment follows Kroger's decision to close three customer fulfilment centres (CFCs) in January 2026 and to cancel plans for the Charlotte, North Carolina site.
All You Need to Know About OCADO GROUP (OCDDY) Rating Upgrade to Buy
OCADO GROUP (OCDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Is Ocado's Kroger news a silver-lining or knockout blow?
The announcement that three Ocado Group PLC (LSE:OCDO) warehouses are to be closed by US grocer Kroger Co (NYSE:KR, XETRA:KOG) is "not as bad as it could have been", some analysts think, while others said it was a "near knockout blow". Kroger announced the closure of three out of eight Ocado sites and has expanded its relationship with other delivery platforms Instacart, Doordash and Uber Eats to improve its e-commerce profitability.
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Ocado Group PLC Sponsored ADR Profile
| Food Products Industry | Consumer Staples Sector | Mr. Timothy Steiner O.B.E. CEO | OTC PINK Exchange | 674488101 CUSIP |
| United Kingdom Country | 20,261 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Ocado Group plc, established in 2000, has grown to become a prominent online grocery retailer not only in its home market of the United Kingdom but also on an international scale. The company operates through three distinct segments: Technology Solutions, Ocado Logistics, and Ocado Retail. With its innovative approach, Ocado Group plc leverages cutting-edge software and robotics technology to revolutionize the online grocery shopping experience, logistics, and warehouse management. Headquartered in Hatfield, the United Kingdom, the company is at the forefront of utilizing technology for efficient online retailing and fulfillment services.
Products and Services
- Online Grocery and General Merchandise: Ocado offers an extensive range of grocery items as well as general merchandise through its online platform. Customers can enjoy a convenient shopping experience with a wide selection of products accessible from the comfort of their home.
- Customer Fulfillment Centers and Logistics Services: The company excels in creating highly efficient customer fulfillment centers that utilize advanced technology to process orders swiftly. In addition, Ocado provides comprehensive logistics services, ensuring timely and reliable delivery of goods to customers.
- Ocado Smart Platform: This is a flagship offering from Ocado that provides a complete managed service encompassing software and robotics for online grocery retailing. The Ocado Smart Platform is designed to enhance the efficiency and scalability of online grocery operations, making it a key technology solution for the industry.
- Ocado Intelligent Automation: Focused on catering to warehouse environments beyond the grocery sector, this service offers Ocado's cutting-edge technology for automating operations. Ocado Intelligent Automation aims to redefine warehouse management across various industries through the application of innovative robotics and software solutions.
- Automated Storage and Retrieval Solutions for General Merchandise: In addition to its grocery-focused offerings, Ocado also delivers automated storage and retrieval solutions targeted at general merchandise retailers. This service is tailored to corporations seeking advanced technologies for managing their inventory and order fulfillment operations more effectively.
Contact Information
