LONDON, May 6 (Reuters) - British online supermarket and
technology company Ocado said on Wednesday retail
revenue soared 40.4% year-on-year in its second quarter so far
as shoppers in coronavirus lockdown sought deliveries to avoid
venturing out.
That growth compared to 10.3% in its first quarter.
Ocado said although it expected the shift towards online
grocery to accelerate post-crisis, there remained many
uncertainties about the length of the crisis and its impact on
customers' disposable income, so it had suspended its retail
revenue guidance for 2020 until it could accurately forecast
likely outcomes.
(Reporting by James Davey, Editing by Paul Sandle)
Ocado (OCDO)