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Ocado Q1 Sales Figures – What The Analysts Said

Published on Mar 19 2020 10:59 AM in Retail tagged: Featured Post / Ocado / Shore Capital / Bernstein Research / GlobalData / Paywall / Asktraders.com

Ocado Q1 Sales Figures – What The Analysts Said

Online retailer Ocado has posted a 10.3% increase in retail revenue in the first quarter of its financial year, to £441.2 million (€470.5 million), with the business seeing higher value basket spend towards the end of the period due to the coronavirus.

"The impact of higher basket values and order demand, amid growing public concern over the coronavirus, was limited in the quarter, although this has since picked up significantly and growth in the second quarter is so far double that of the first quarter," commented Melanie Smith, Ocado Retail's chief executive.

Here's how leading industry analysts viewed the group's performance:

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