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Ocado shares plunge after kroger announces warehouse closures
Nov 18, 2025, 4:19 PM10
(Update: Nov 18, 2025, 4:19 PM)
business
informative
impactful
Ocado shares plunge after kroger announces warehouse closures
- Ocado's shares fell more than 22% following Kroger's announcement of warehouse closures.
- The closures are projected to reduce fee revenue by approximately 50 million dollars in 2025-26.
- Despite the challenges, Ocado will continue to operate five warehouses for Kroger and anticipates growth through automation.
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