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Ocado continues to grow sales

Ocado’s latest trading statement for the 12 weeks to 9 August this year show a 15.3% increase in gross retail sales to £252m compared with the same period last year.

Ocado’s latest trading statement for the 12 weeks to 9 August this year show a 15.3% increase in gross retail sales to £252m compared with the same period last year.

Group sales were up by 17.3% to £272m.

The number of average orders per week has also risen by 16.6% to 190,000. However, the average order size was slightly down (1.1%) year on year at £110.46.

Chief executive officer Tim Steiner said: “We are pleased with the continued steady growth of our business in a retail environment that remains tough.

“We believe our commitment to improving what we offer to customers through innovation and our proprietary IP will support further growth. Notwithstanding the competitive nature of the marketplace, we expect to continue growing slightly ahead of the online grocery market.”

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