July 6, 2017 2 minutes

Ocado (LSE: OCDO) 1H17 Results: Solid Sales Growth Continues

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

British online grocery retailer Ocado Group announced a 12.5% year-over-year increase in revenues for 1H17, above consensus analyst estimates.
Contribution operating margin expanded 10 basis points on gross margin expansion of 60 bps. However, EPS declined 12.1% year over year.
Ocado increased its active customer numbers by 12.7% and grew order numbers by 15.6%, but saw its average basket value decline by 1.4%.

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