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UK's Ocado Retail maintains outlook as quarterly sales rise

Tue, 28th Mar 2023 07:08

LONDON, March 28 (Reuters) - British online supermarket Ocado Retail said revenue rose 3.4% in its fiscal first quarter and it maintained its financial guidance for the year.

The business, a 50/50 joint venture between Ocado Group and Marks & Spencer, said on Tuesday retail revenue in the 13 weeks to Feb. 26 was 584 million pounds ($719 million), up from 565 million pounds in the same period last year. ($1 = 0.8120 pounds) (Reporting by James Davey; Editing by Kate Holton)

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