LONDON, Dec 12 (Reuters) - British online supermarket Ocado
said on Thursday retail revenue growth slightly slowed
in its latest quarter, as it saw growth in weekly orders but
stable average order size.
For the 13 weeks to Dec. 1, its fiscal fourth quarter, Ocado
Retail's revenue rose 10.8% to 429.1 million pounds ($550.5
million). That was in line with company guidance but down from
third quarter growth of 11.4%.
Average orders per week rose 10.4% to 350,000, while average
order size was flat at 104.9 pounds.
Ocado Retail is now a joint venture between Ocado and Marks
& Spencer. Their deal, completed in August, signalled
the end of Ocado's supply contract with upmarket supermarket
chain Waitrose in September 2020 and the start of M&S' first
grocery home delivery service.
($1 = 0.7794 pounds)
(Reporting by James Davey; editing by Sarah Young)
Ocado (OCDO)
Marks & Spencer (MKS)
