Company Earnings UpdateOcado (LSE: OCDO) 1H17 Results: Solid Sales Growth Continues Coresight Research July 6, 2017 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%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikBeauty Shopping in Focus; Economic Sentiment Turns Negative: US Consumer Survey InsightsAgentic Commerce: How Retailers Can Employ OpenAI’s Agentic Commerce Protocol To Unleash a True AI Shopping AgentAI Insights: Instacart CEO Fidji Simo To Join OpenAI as CEO of Applications
