LONDON, Nov 2 (Reuters) - British online supermarket Ocado
said on Monday that although demand for grocery
products was currently strong it was not seeing consumers
stockpiling goods such as toilet rolls in preparation for new
COVID-19 lockdown restrictions.
"Yes, we are seeing strong demand. No, we're not seeing
particular stockpiling of things, of toilet paper," Chief
Executive Tim Steiner told reporters.
"We are continuing to trade at peak volumes every day which
is a very strong sales pattern, hence the upgrade we've
announced today," he said.
Steiner was talking after Ocado said it would buy two
robotics companies for a total of $287 million and also upgraded
its full-year earnings outlook.
(Reporting by James Davey, Editing by Paul Sandle)
Marks & Spencer (MKS)
Ocado (OCDO)