Join our community of smart investors

Ocado full-year profits to beat expectations on retail boom

The group expects full-year cash profits of £40m, well above analysts’ estimates
Ocado full-year profits to beat expectations on retail boom

Ocado’s (OCDO) partnership with Marks & Spencer (M&S) appears to be paying off, just two weeks in. Indeed, enthusiasm for the supermarket’s products has lifted the average Ocado basket size by five items, and 98 per cent of Ocado customers are already buying M&S goods. Good news, on the back of a third quarter that saw Ocado’s retail sales soar by more than a half to £587m – buoyed by continued appetite for online shopping.

IC TIP: Hold at 2468p

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in