July 23, 2024
Ocado reports higher revenue, guidance unchanged

Ocado reports higher revenue, guidance unchanged

Ocado Group PLC said Tuesday that first-quarter sales of Ocado Retail Group, the joint venture it co-owns with Marks & Spencer Group PLC, rose and that guidance for fiscal 2023 remains unchanged.

The online grocer and retail-technology specialist UK:OCDO said retail revenue for the 13 weeks ended Feb. 26 rose to 583.7 million pounds ($717.1 million) from GBP564.7 million a year ago. The rise was followed by average orders per week increase of 3.6%.

While…

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