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Ocado reports strong Q4 sales and order growth

Ocado Group saw gross sales increase by 13.1% to £398.1m in the 16 weeks to 27th November this year.

Ocado Group saw gross sales increase by 13.1% to £398.1m in the 16 weeks to 27th November this year.

Average orders per week were up by 17.6% to 241,000 in the fourth quarter of the year, driven by both new and existing customers

Average order size decreased by 2.9% from both continued industry-wide price deflation and further take up of the Ocado ‘Smart Pass’, which has led customers to shop more frequently

Ceo Tim Steiner said: 'We are very pleased with the financial performance achieved this year. The strong growth in sales and order volumes reflects the attractiveness of our retail offer to customers.”

He added: 'During the period, we were also pleased to announce that we have commenced operations at our Andover CFC. This is the first of our CFCs to use our new proprietary infrastructure equipment solution and software, which will support the ongoing growth of our business.'

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