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Ocado (LSE: OCDO) 1Q17 Update: Strong Growth Maintained as Inflationary Effects Creep In

Executive Summary

  • UK grocery pure-play Ocado reported total gross sales growth of 13.3% in its first quarter, ended February 26. Ocado’s own retail sales grew by 13.1%.
  • The number of average orders per week grew by 16.7%.
  • Average order size fell by 1.6% to £111.

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