Ocado posts strong sales over quarter and hails ‘positive’ start to its M&S tie-up
Source: Mintel 15-09-2020

UK 15-09-2020

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Online grocer Ocado retail revenues jumped 52% to £587.3 million in the 13 weeks to 30 August 30. Average weekly orders rose 9.6% to 345,000. Ocado, which posted a pre-tax loss of £214.5 million in 2019, said it expects to post full-year EBITDA of at least £40 million.

Ocado started selling Marks & Spencer’s grocery products through its platform on 1 September 2020. Despite having to cancel some orders due to high demand, Ocado said customers had “responded positively” to the new service.