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Ocado (LSE: OCDO) 1Q19 Trading Update: Strong Underlying Growth Partially Offset by Fire

Executive Summary

  • Ocado reported 1Q19 retail revenue of £404 million, up 11.2% year over year.
  • The company’s average orders per week grew 11.3% year over year, but the average order size was down 0.2% year over year.
  • Ocado‘s Andover customer fulfilment center experienced a devastating fire in February, and the company says it will provide an update on the impact of fire on its 10-15% revenue growth target ”in due course.”

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