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Ocado first quarter sales up 18%

Online grocer Ocado saw its retail sales jump by 18% to £218.8 million in the 12 weeks to 23 February.

GENERAL MERCHANDISE

Ocado first quarter sales up 18%

Online grocer Ocado saw its retail sales jump by 18% to £218.8 million in the 12 weeks to 23 February.

Average orders per week increased by 18.4% to over 155,152 although the average order size fell slightly by 0.4% to £117.53.

Gross sales rose by 22.6% to £227.5 million in the period.  

The company said it was pleased with the operational progress of Morrisons.com and that the service had expanded to new catchment areas in February.

Ocado chief executive Tim Steiner added: "We are pleased with the continued growth in our business. We remain committed to improving the quality of the offer to customers, which we believe will support further growth.

"While we are encouraged by our current trading, the retail environment remains both challenging and competitive, and we expect to continue growing in line with, or slightly ahead of, the market."

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