Kroger launches its first Ocado-powered ‘shed’, a massive, robot-filled fulfillment center in Ohio
After inking a deal to work together almost three years ago, U.S. supermarket chain Kroger and U.K. online grocer Ocado today took the wraps off the first major product of that deal. Kroger has launched a new Ocado-powered customer fulfillment center in Monroe, Ohio, outside of Cincinnati, a gigantic warehouse covering 375,000 square feet and thousands of products for packing and delivering Kroger orders from online shoppers.
Built with a giant grid along the floor, “the shed”, as Ocado calls its warehouses, will feature some 1,000 robots alongside 400 human employees to pick, sort and move around items. It is expected to process as much as $700 million in sales annually, the sales of 20 brick-and-mortar stores.
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Greetings and welcome to the Calavo Growers Incorporated First Quarter 2021 Earnings Call. [Operator Instructions]
It is now my pleasure to introduce your host, Lisa Mueller, Investor Relations. Thank you, Lisa, you may begin.
Lisa Mueller
Senior Vice President
Thank you, operator and thank you all for joining us today to discuss Calavo Growers first quarter 2021 financial results.
This afternoon we issued our earnings release and this document is available in the Investor Relations section of our website at ir.calavo.com. I m here today with Jim Gibson, Chief Executive Officer of Calavo and Kevin Manion, Chief Financial Officer. On today s call, management will provide prepared remarks and then we will open the call up for your questions. Before we begin, I would like to remind you that today s comments will include forward-looking statements under the federal securities laws. Forward-looking statements are identified by words such as will, be, intend, believe, expect, antic