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.”