Ocado Predicts Warehouse Growth After £400 Million Loss

Ocado's automated warehouse in Erith, UK.

Source: Ocado Group Plc

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Ocado Group Plc lost almost £400 million ($506 million) last year, but said it was making progress on rolling out its automated technology and working with retailers.

The grocery delivery company narrowed its pretax loss from £500 million in 2022.