September 18, 2019 3 minutes

Ocado (LSE: OCDO) 3Q19 Trading Update: Surge in Customer Orders; JV on the Right Track

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Ocado reported 3Q19 retail revenue of £386.3 million, up 11.4% year over year, slightly lower than the 11.5% year-over-year growth rate in 3Q18.
The company’s average orders per week grew 12.1% year over year, but the average order size was down 0.8% year over year.
Ocado attributes the growth to capacity enhancements at its fourth customer fulfillment centerin Erith, London.

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