ACR-News
15 March 2016

Ocado reports rise in sales

According to Ocado’s newly released trading statement for the 12 weeks to 21 February this year, gross retail sales grew by 13.8% to £286.7m.

According to Ocado’s newly released trading statement for the 12 weeks to 21 February this year, gross retail sales grew by 13.8% to £286.7m.

The average number of orders per week grew by 16.9% to 214,000.

Tim Steiner, Ocado’s chief executive officer, said: “We are pleased with the steady progress in our business, maintaining double digit sales growth in a retail environment that remains challenging, and post period end we shipped over 250,000 orders in a single week for the first time.'

He added: “Notwithstanding the tough nature of the marketplace, we expect to continue growing ahead of the online grocery market.”

The retailer will publish its half year results on 28 June.

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