Ocado hikes full-year guidance after summer rise in customers
WEB1 day ago · OCDDY. Ocado has upped its revenue guidance for the year into double-digit percentage growth after a sharp rise in customers over the summer months. The online retailer said revenue rose 15.5% year on year to £658 million for the quarter ending September 1, while average orders per week rose 14.7% to 437,000.
Ocado ups guidance as customers return to M&S joint venture
WEB1 day ago · In the 13 weeks to 1 September, Ocado Retail, a joint venture between Ocado and Marks & Spencer, saw revenue rise over 15 per cent to £658m, up from £569m by the same point a year ago.
Ocado shares jump 14% after sales surge - MoneyWeek
WEB1 day ago · By Chris Newlands. published 19 September 2024. in News. Ocado shares rose by as much as 14% on Thursday before falling back after the online retailer said third-quarter sales had jumped to more ...
Ocado shares jump after firm hikes sales outlook on M&S joint …
WEB1 day ago · Ocado shares jumped more than 10 per cent in early deals this morning after the company hiked its sales guidance. The retail arm of the London-listed group, Ocado Retail, a 50:50 joint venture between Ocado Group and Marks & Spencer Group, reported revenue growth of 15 per cent in the 13 weeks to 1 September 2024.. Revenue jumped to £658m in the period, up from £569m in the same period of 2023.
Ocado Retail Lifts Sales Guidance After Bumper Quarter
WEB1 day ago · September 19, 2024 at 3:26 AM EDT. Save. Ocado Group Plc’s online grocery business lifted its revenue guidance for the year after a strong third quarter for the retailer, a favorite of England ...
UK's Ocado Retail lifts guidance on customer growth | Reuters
WEB1 day ago · British online supermarket Ocado Retail lifted its guidance for its 2023-2024 year after reporting a 15.5% increase in revenue in its latest quarter that reflected growth in customer numbers.
Ocado shares surge after profit forecast upgrade - Financial Times
WEBJul 16, 2024 · UK online grocer Ocado has raised profit forecasts for its key technology division, sending shares in the group up by almost a fifth. The company said on Tuesday that its technology business ...
Ocado Retail Lifts Sales Guidance on Improved Volumes
WEB1 day ago · Ocado Retail OCDO -0.94%, the joint venture between Ocado and Marks & Spencer Group MKS -0.78%, lifted its revenue guidance for fiscal 2024 after a sharp increase in third-quarter sales, supported ...
Ocado chief plans to retain group’s stake in M&S joint venture
WEBJul 28, 2024 · The boss of Ocado intends to retain the group’s stake in its online joint venture with Marks and Spencer after the deal’s five-year anniversary, which would allow either side to sell their ...
Ocado Grows Faster Than Rivals Amid Talk of Quitting London
WEBApr 23, 2024 · Ocado Group Plcgrew faster than Britain’s major supermarkets as its UK grocery division showed signs of recovery. Sales at the British online grocer rose 12.5% in the 12 weeks to April 14 from a...