March 20, 2019 3 minutes

Ocado (LSE: OCDO) 1Q19 Trading Update: Strong Underlying Growth Partially Offset by Fire

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Ocado reported 1Q19 retail revenue of £404 million, up 11.2% year over year.
The company’s average orders per week grew 11.3% year over year, but the average order size was down 0.2% year over year.
Ocado‘s Andover customer fulfilment center experienced a devastating fire in February, and the company says it will provide an update on the impact of fire on its 10-15% revenue growth target ”in due course.”

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