Get the app today! Download iPhone App Download Android App

Don't Lose Sight Of The Grocery Prize, Ocado: Analysis

Published on Jul 10 2018 1:59 PM in Retail tagged: Featured Post / Barclays / Ocado / Paywall / AJ Bell

Don't Lose Sight Of The Grocery Prize, Ocado: Analysis

Stockbroking services firm AJ Bell has said that while online retailer Ocado is right to toast its new business wins for its 'solutions' arm, its core retail operation remains a key revenue driver that should not be overlooked.

“Although Ocado would like to be seen as a technology company, its half year results paint a very different picture," said Russ Mould, investment director at AJ Bell. "It generated 11 times more revenue from selling groceries than supplying technology systems and services.

“Admittedly the business has done very well in the past year by signing up more international partnerships using its software, algorithms and robotics systems. But that’s all about the future. Today is about a company generating sales by delivering food and drink to UK consumers."

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email