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Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

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Share Price: 355.60
Bid: 357.00
Ask: 357.50
Change: 0.00 (0.00%)
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Britain's Ocado sees retail sales soar 52% in latest quarter

Tue, 15th Sep 2020 07:13

LONDON, Sept 15 (Reuters) - Ocado Group, the
British online supermarket and technology group, said on Tuesday
Ocado Retail's revenue rose 52% in the 13 weeks to Aug. 30, with
the coronavirus pandemic generating huge demand for online
deliveries.

That growth for its fiscal third quarter compares with 27.2%
in its first half and a second-quarter exit rate of over 40%.

Ocado Retail, is a joint venture between Ocado Group and
Marks & Spencer. The period of the trading update
pre-dates Ocado Retail replacing Waitrose products with Marks &
Spencer products from Sept. 1. Ocado said customers have
responded positively to the switch.

(Reporting by James Davey, editing by Louise Heavens)

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