15th Sep 2015 06:25
LONDON (Alliance News) - Ocado Group PLC on Tuesday reported growth in sales in the third quarter of its financial year as its average orders per week increased, and it said that it expects to continue growing slightly ahead of the UK online grocery market.
The purely online grocery business said that its group sales in the 12 weeks ended August 9 grew 17% to GBP272.0 million from GBP231.9 million in the same period the year before, as retail sales rose 15% to GBP252.0 million from GBP218.5 million.
Average orders per week increased by 17% to 190,000 from 163,000, although average order size slipped 1.1% to GBP110.46 from GBP111.64.
"We are pleased with the continued steady growth of our business in a retail environment that remains tough. We believe our commitment to improving what we offer to customers through innovation and our proprietary IP will support further growth. Notwithstanding the competitive nature of the marketplace, we expect to continue growing slightly ahead of the online grocery market," Chief Executive Tim Steiner said in a statement.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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