skip to content

Trading statements

Ocado sees 13.1% revenue growth in 13-week period

19 September 2017 09:55

Ocado on Tuesday announced results for the 13-week period to 27 August 2017, showing continued strong growth in revenue of 13.1%.

Ocado also saw stronger growth in average orders per week in Q3 as they continue to acquire and retain customers, the company reported.

Revenue rose to £344.5m, up from £312.7m for the same period in the previous year.

Average orders per week were also up to 254,000 from 219,000 year-on-year.

Tim Steiner, Ocado's Chief Executive Officer, said:

"We are pleased to report another strong quarter of growth. Our industry-leading technology has continued to set the bar for customer service and satisfaction and we continue to grow sales at a rate significantly in excess of the average for our industry. Recent innovations include Ocado becoming the first UK grocer to offer its customers Amazon's Alexa voice-activated tool, meaning they can verbally modify their online grocery orders." Story provided by StockMarketWire.com

Related Company: OCDO

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.