Ocado's sales growth edges higher in latest quarter

FILE PHOTO: A man walks from the main reception of the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. REUTERS/Peter Nicholls - Copyright PETER NICHOLLS(Reuters)

By Reuters

Published on 13/12/2018 - 08:34•Updated 26/04/2024 - 11:03

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LONDON (Reuters) - British online grocer Ocado <OCDO.L> said on Thursday retail revenue grew 12 percent in its latest quarter, in line with its guidance for the year, as it continued to win new customers.

The firm said its retail revenue was 390.7 million pounds in the 13 weeks to Dec. 2, its fiscal fourth quarter, having risen 11.5 percent in the previous quarter.