The online grocer said it had a higher number of customers and average weekly orders, and a greater selection of products available to buy.

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Ocado cheers sales growth after enticing more shoppers with M&S food

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Evgeny Lebedev

Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. In a trading update issued today, the company, a 50:50 joint venture between Ocado and Marks and Spencer, reported revenue growth of 17.5 per cent in the 13 weeks to 1 December. Ocado shares jumped 13 per cent in early deals after the update as investors reevaluated the parent company’s prospect…

City AM

Ocado shares surge after online grocer reports record-breaking year

Ocado Retail delivered a strong finish to its financial year, with sales growth accelerating in the fourth quarter as weekly orders reached a milestone of 500,000 for the first time. The joint venture between Ocado Group and M&S saw retail revenue rise 17.5% to £715.8m in the 13 weeks to 1 December, versus growth of 15.5% in its previous quarter, as active customers rose 12.1% to 1.12m. Volumes on Ocado.com were up 17% on last year at 271.6m ite…

Retail Gazette

Ocado Retail posts record Christmas sales as M&S products attract shoppers - Retail Gazette

Ocado has revealed that its retail revenue rose 17.5% to £715.8m for the 13 weeks ended 1 December 2024. Alongside this, the joint venture between Ocado Group and M&S revealed that its active customers rose 12.1% to 1.12m. Ocado stated that it delivered another record-breaking Christmas, with its highest ever level of sales over the peak Christmas trading period. The company also revealed that volumes on Ocado.com were up 17% on last year at 271…

Retail Sector

Ocado retail revenues rise 17% amid boost in active customers

Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and more besides! Following today’s release of Ocado’s figures for the 13 weeks ending 1st December 2024; Aliyah Siddika, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “Ocado Retail has delivered continued revenue growth throughout the year with greater choice and improved customer value…

retailtimes.co.uk

Ocado attracts shoppers as the online grocer improves customer value perceptions, says GlobalData

Ocado Retail achieved a “record-breaking” Christmas with its highest-ever level of sales over the peak festive period after benefitting from offering an extensive seasonal range from M&S. The online grocer did not reveal actual festive trading figures, but last week (more…) The post M&S Food Helps Ocado Deliver Record Christmas appeared first on KamCity.

kamcity.com

M&S Food Helps Ocado Deliver Record Christmas

Ocado Retail has delivered a record-breaking Christmas, with sales from the festive season driven by new shoppers seeking M&S products.
The online supermarket’s retail sales grew by 17.5% to £715.8m…

Grocery Gazette - Latest Grocery Industry News

Ocado delivers record Christmas as M&S products draw in new shoppers

Morningstar maintains its fair value estimate for Ocado after the release of its positive trading update.

Ocado cheers sales growth after enticing more shoppers with M&S food

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