Ocado Group PLC

OCDO: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 457.00	Pcr	Wdzblnhz

Ocado Retail: Strong Revenue Growth and Higher Guidance, but Margins Unchanged Amid Price Cuts

Ioannis Pontikis

Sep 19, 2024

Ocado Retail, a joint venture between Ocado Group and Marks & Spencer, reported its third-quarter trading update, showing strong performance with retail revenue up 15.5% year on year to GBP 658 million. Volume growth (total items) increased by 15.4%, while average orders per week rose 14.7% to 437,000. The number of active customers grew by 10.3% to 1.06 million, indicating that more customers are shopping with Ocado more frequently due to improved service offerings and better value perception.

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