LONDON, May 25 (Reuters) - Ocado Retail, the British online grocer owned by Ocado Group and Marks & Spencer , slashed its growth outlook on Wednesday as its customers ordered fewer items against the backdrop of a growing cost of living crisis.
The retailer said it expected sales this financial year to grow in the low single digits rather than the 10% it previously guided, while its core earnings margin would be in the low single digits.