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Ocado sales growth edges higher in latest quarter

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Ocado sales growth edges higher in latest quarter

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LONDON (Reuters) – British online grocer Ocado <OCDO.L> saw a slight acceleration in retail sales growth in its latest quarter, with growth in the number of orders countering a reduction in average order size. Ocado said retail sales rose 13.1 percent to 312.7 million pounds in the 13 weeks to August 27, its fiscal third quarter, having risen 12.5 percent in its first half. Average orders per week increased 16.0 percent to 254,000 but average order size fell 1.2 percent to 106.25 pounds. Ocado said it was continuing to grow sales at a rate significantly in excess of the average for the industry.

(Reporting by James Davey, Editing by Paul Sandle)
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