Ocado - comment

A recent headline about Kroger slowing down its CFC rollout could be misleading. Kroger is struggling to find the right sites however; it also says it has hopes for the profitability of online fulfilment to match the store business. A slower rollout could widen any funding gap for Ocado, but keeping the largest grocer in the US committed would be a compelling story to sell the debt or equity markets in 3 years’ time.