RE: Ocado retail - 3rd profit warning of the year so far..13 Sep 2022 09:33
As a long-standing Ocado customer, I am becoming increasingly aware of price disparities between it and Waitrose. I now get an order from each once a week. The additional £1.50 Waitrose delivery charge is more than made up for by the savings and will have driven down my Ocado basket from over £250 to around £150 and will have cut their GP on the basket.
Some price differences are striking... A lb of coffee beans is £3.90 at Waitrose this week; Ocado is £6.24 for the equivalent weight. Eggs £1 v £1.50... More customers will be more careful with their shopping, so expect gross profits to be under severe pressure.