Company Earnings Update 3 minutesRegister for Free AccessOcado (LSE: OCDO) FY16 Results: Strong Revenue Growth, But Costs Weigh On Margins Coresight Research February 1, 2017 Executive Summary British online grocery retailer Ocado Group announced a 14.8% increase in revenues for the year ended November 27, 2016, marginally below the 15.1% growth that analysts expected. Higher SG&A expenses caused operating margins to slide by 23 basis points, with the company noting adverse impacts from the deflationary grocery market, higher wage costs and investments to grow the business. Ocado increased its active customer numbers by 13.9% and grew order numbers by 17.9%, but saw its average basket value decline by 2.7%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Brand Influence, Customer Experiences, AI, Sustainability and Talent Matter: Insights from NextGen Commerce, a Coresight Research ConferenceGenerative AI Latest: Content Indemnification, Security Concerns and Response from Chinese GiantsData Dive: Mapping Bed Bath & Beyond Store Closures—States Impacted and Retailers Likely To BenefitWeekly US and UK Store Openings and Closures Tracker 2023, Week 39: UK Closures Up 39%