Ocado (LON:OCDO) lists a sales boom more than the second lockdown nationwide.
The group raised its full-year forecast as retailers benefited from the shift to online shopping, with sales surged by 35% on November 29th over three months.
Retail revenue jumped to £579.6 million, with average order spending rising to £133 over the period.
Ocado is co-owned by Marks & Spencer and has proven to be the most popular.
“We are pleased to announce that we are committed to providing a range of services and services to providing services that will help you with the highest possible quality of service,” said Melanie Smith, CEO of Ocado Retail.
“Despite exceptional demand over the period, customer delivery times and replacement rates are low.”
To combat the increase in sales, OCADO has three new warehouses, which will contribute to the business next year, adding 40% capacity.
Earnings before interest, taxes, depreciation and amortization are expected to increase by £70 million from £60 million from last year.
However, the group’s stocks were opened in a trading update on Thursday, but are expected to grow throughout the day.
“We’re looking forward to seeing you in the future,” said John Moore, senior investment manager at Brewin Dolphin. Lockdowns can survive beyond that. ”
“By adding additional capacity, OCADO supports growth, has a strong balance sheet and is supported by a hyper-accelerated shift to e-commerce.
OCADO Stock (LON:OCDO) is currently trading -4.85% at 2.213,11 (0948GMT).
