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Ocado (LSE: OCDO) 3Q16 SALES: STRONG TOP LINE BUT COMPETITION PRESSURES MARGINS

Executive Summary

  • UK grocery pure play Ocado Group posted 3Q16 group sales up 15.4%. Its own retail sales were up 13.6%.
  • The company noted the competitive UK grocery market maintains margin
  • Analysts expect Ocado to post revenue growth of 15.2% for the full year that ends in November.
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