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Ocado Retail First-Quarter Performance – What The Analysts Said

Published on Mar 19 2021 9:28 AM in Retail tagged: Ocado / Shore Capital / GlobalData / What The Analysts Said / AJ Bell

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:

Thomas Brereton, GlobalData

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