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Ocado, a UK online grocer, reported revenue growth but narrower losses, facing share price drop and job cuts.
UK online grocer Ocado reported narrower losses and a 14.1% rise in revenues to £3.2 billion for 2024.
Despite revenue growth, the company's shares fell due to concerns over slower expansion and reduced R&D investment.
Ocado is in talks with partner Marks & Spencer over a £190.7 million payment due in April and plans to cut jobs to become cash flow positive by 2026.
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Ocado, un tendero en línea del Reino Unido, reportó un crecimiento de los ingresos, pero pérdidas más reducidas, enfrentando la caída de los precios de las acciones y los recortes de puestos de trabajo.