15th Mar 2016 07:34
LONDON (Alliance News) - Ocado Group PLC on Tuesday reported growth in sales in the first quarter of its financial year, boosted by a rise in average orders per week and said it expects to continue growing ahead of the online grocery market.
The grocery delivery company said group sales in the 12 weeks to February 21 grew to GBP312.4 million from GBP271.1 million in the same period the year before, as retail sales rose to GBP286.7 million from GBP252.0 million.
Average orders per week increased to 214,000 from 183,000, but the average order size slipped to GBP111.41 from GBP114.72.
"We believe our focus on customer satisfaction and commitment to improving what we offer to consumers through innovation and our proprietary IP will support further growth. Notwithstanding the tough nature of the marketplace, we expect to continue growing ahead of the online grocery market," Chief Executive Tim Steiner said in a statement.
Ocado will release its first-half results ending May 17 on June 28.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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