Ocado shares surge after online grocer reports record-breaking …

The online grocer said its average number of weekly orders rose 16.9 per cent, from 407,000 in 2023 to 476,000 in 2024. The number of active customers grew 12.1 per cent in the quarter, to …

6%
OFF

Ocado Retail Sales Growth Accelerates On Customer Wins - RTÉ

2 weeks from now

2 days ago · Industry data published last week showed Ocado's sales rose 9.6% over the 12 weeks to December 29, giving it a market share of 1.8%, up 10 basis points on the year.

rte.ie

6%
OFF

UK's Ocado Retail Sales Growth Accelerates On Customer Wins

2 weeks from now

1 day ago · Industry data published last week showed Ocado's sales rose 9.6% over the 12 weeks to Dec. 29, giving it a market share of 1.8%, up 10 basis points on the year.

reuters.com

18%
OFF

Ocado Shares Rally As British Online Grocer Narrows Losses

2 weeks from now

Jul 16, 2024 · The British firm's shares have now recovered from Monday's losses, on the back of a surge on Tuesday morning that saw the company's London-listed shares increase 18%. …

morningstar.com

6%
OFF

Ocado Delivers Record Christmas As Sales, Shares Jump

2 weeks from now

Jan 16, 2024 · Online grocer Ocado Group expects “encouraging momentum” to continue in 2024 after a record Christmas trading period.Ocado shares rose 7.6% to 666.20 pence by 10:00 …

investomania.co.uk

14%
OFF

Ocado Shares Jump 14% After Sales Surge - MoneyWeek

2 weeks from now

Sep 19, 2024 · Ocado shares jump 14% after sales surge . ... Ocado told investors that sales to late August climbed 15.5% from a year ago, far exceeding analyst expectations of nearer 10%. …

moneyweek.com

19%
OFF

Ocado Shares Jump As Online Grocer's Tech Arm Turns A Profit

2 weeks from now

Jul 18, 2023 · Ocado shares jump 19% as online grocer's tech arm turns a profit but supermarket division struggles as shoppers cut back Ocado made a £16.6m underlying profit in first half, …

thisismoney.co.uk

£569
OFF

Ocado: Signs Of Progress At Last As Firm Looks To Continue Share …

2 weeks from now

Sep 19, 2023 · Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive …

cityam.com

9%
OFF

Ocado Shares Soar On Record Christmas Sales By Investing.com

2 weeks from now

1 day ago · Ocado shares soar on record Christmas sales ... The strong end-of-year performance adds to Ocado’s full-year growth, with revenue rising 13.9% to £2.69 billion in 2024. ...

investing.com

5%
OFF

Ocado Shares Jump After Record Fourth-quarter Christmas Sales

2 weeks from now

2 days ago · Fourth-quarter retail revenue up 17.5%; Average basket value up by 1% to £122.09; Shares gain 9% to 296p; Shares in Ocado () gained as much as 10% in early trading after the …

sharesmagazine.co.uk

14%
OFF

Ocado Celebrates Best Christmas Ever As Eyes Further Growth In …

2 weeks from now

1 day ago · For the full year, Ocado says Retail revenue grew 14% to GBP2.69 billion while volumes and average orders per week both grew 13%. ... Ocado celebrated "another record …

marketscreener.com

5%
OFF

Ocado Share Surge On Record Breaking Christmas

2 weeks from now

2 days ago · Ocado has reported its strongest-ever Christmas trading period, capping off a successful fourth quarter that saw retail revenue surge by 17.5% to £715.8 million. The …

ukinvestormagazine.co.uk

FAQs about Ocado shares surge after online grocer reports record-breaking … Coupon?

Why did Ocado's share price rise 325 per cent?

Ocado’s share price rose 3.25 per cent this morning following the news. Russ Mould, investment director at AJ Bell, said: “Things are looking up for Ocado’s joint venture with Marks & Spencer. It is seeing a higher number of average orders per week, there is a bigger pool of active users, and the average basket value has improved.” ...

How did Ocado retail perform in 2024?

Hannah Gibson, Ocado Retail’s chief executive officer, said: “2024 was a year of strong growth. In the fourth quarter, we accelerated sales again – reaching 500,000 orders per week for the first time at the end of November.” Gibson said the growth resulted from a “laser focus” on customer service and “unbeatable choice”. ...

Is Ocado the UK's fastest growing grocer?

British online supermarket Ocado Retail reported faster sales growth in its fourth quarter as more competitive pricing helped it win customers from rivals, underlining its position as the country's fastest growing grocer. ...

Does Ocado retail have a business model?

Ocado’s retail arm is only half of the company’s business model, as it also operates a grocery technology division which supplies warehouse robotics to brick-and-mortar supermarkets. Ocado Retail’s sales boomed in the weeks leading up to Christmas, vastly outperforming the broader market with double-digit revenue and customer growth. ...

How did Ocado retail perform in Q4?

In its fourth-quarter update, Ocado Retail reported that revenue grew by 17.5% year-on-year, reaching £715.8 million, driven by a 12.1% increase in its active customer base, which now stands at over 1.1 million. The average weekly orders increased from 407,000 to 476,000 during the period. ...

Will Ocado achieve margin in mid-teens?

UK online grocer says technology business will achieve margin in mid-teens, up from previous guidance of more than 10% Ocado is contending with falling sales after a boom during the pandemic© Matthew Childs/Reuters Ocado shares surge after profit forecast upgradeon x(opens in a new window) ...