 Ocado Retail, the UK online grocery joint venture between Ocado Group PLC LSE:OCDO and Marks and Spencer Group PLC LSE:MKS, was not expected to blow the socks of shareholders with todays full-year trading statement. A trade down among inflation-hit customers resulted in a slew of profit warnings throughout 2022, with the group forecasting a year-on-year sales decline and a close to break-even for underlying profits EBITDA. 