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Retail

Ocado Retail First-Quarter Performance – What The Analysts Said

By Steve Wynne-Jones
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Ocado Retail First-Quarter Performance – What The Analysts Said

Ocado Retail, a partnership between online-only operator Ocado and Marks & Spencer, has reported a 39.7% increase in first-quarter revenue, to £599 million (€700 million).

"Over the past year, large numbers of UK consumers have made a permanent shift to online grocery shopping," commented Melanie Smith, Ocado Retail chief executive. "Ocado Retail is best placed to serve these customers."

Here's how leading retail analysts viewed its performance:

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