Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earning Updates 5 minutes

Ocado (LSE: OCDO) 1H19 Results: Losses Deepen Due to Andover Disruption; Solutions Growth Hampered by Morrisons Holiday

#
Coresight Research

Key Points

  • Ocado reported 1H19 total sales of £882.3 million up 10.9% year over year with retail and solutions revenues growing 10.2% and 20.6%, year over year, respectively.
  • The company reported a diluted loss per share of 19.77 pence compared to a loss per share of 2.22 pence in the same period of the previous year.
  • Ocado expects to achieve retail revenue growth of 10-15% in 2H19, driven by demand growth and company’s ability to utilize additional capacity in its CFC4 and despite the impact of a fire at its Andover customer fulfilment center (CFC).

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×