Ocado gross sales progress barely decrease, according to full year steerage

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LONDON (Reuters) – British on-line grocery store Ocado (OCDO.L) stated retail gross sales progress slowed a contact in its newest quarter, although it was according to the group’s steerage for the full year.

Delivery vans are lined up previous to dispatch on the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. Picture taken May 1, 2018. REUTERS/Peter Nicholls

Ocado stated retail income rose 11.5 % to 348.6 million kilos ($458.7 million) within the 13 weeks to Sept. 2, its fiscal third quarter, having risen 11.7 % within the first half.

In July Ocado forecast retail income progress of 10-15 % for the full 2018 year.

Ocado stated common orders per week rose 11.four % to 283,000, whereas common order measurement was flat at 106.26 kilos.

Reporting by James Davey; enhancing by Sarah Young



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