Company Earnings Update 3 minutesRegister for Free AccessOcado (LSE: OCDO) FY16 Results: Strong Revenue Growth, But Costs Weigh On Margins Coresight Research February 1, 2017 Executive Summary British online grocery retailer Ocado Group announced a 14.8% increase in revenues for the year ended November 27, 2016, marginally below the 15.1% growth that analysts expected. Higher SG&A expenses caused operating margins to slide by 23 basis points, with the company noting adverse impacts from the deflationary grocery market, higher wage costs and investments to grow the business. Ocado increased its active customer numbers by 13.9% and grew order numbers by 17.9%, but saw its average basket value decline by 2.7%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Where Do Shoppers Cross the Aisle?: US Consumer Tracker Extra, May 2023Metaverse Pioneers: Learnings for Fashion Brands from the Web 3.0 Strategies of Adidas and NIKEEuropean Grocery Retail Dynamics Amid Broader Inflationary TrendsHead-to-Head in Global Convenience-Store Retailing: Seven & i vs. Alimentation Couche-Tard
