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Ocado 'pleased' after delivering double-digit sales growthOnline...

2016-03-15 11:46:49| Grocery - Topix.net

Online grocer Ocado delivered another double-digit hike in sales and said it notched up 250,000 orders in a week for the first time. The group posted a 15.3% rise in group gross sales - which is boosted by its deal to handle online deliveries for Big Four supermarket Morrisons - to A 312.4 million for the 12 weeks to February 21, while retail sales lifted 13.8%.

Tags: sales pleased delivering ocado

 

Ocado 'pleased' after delivering double-digit sales growth

2016-03-15 11:46:48| Grocery - Topix.net

Online grocer Ocado delivered another double-digit hike in sales and said it notched up 250,000 orders in a week for the first time. The group posted a 15.3% rise in group gross sales - which is boosted by its deal to handle online deliveries for Big Four supermarket Morrisons - to A 312.4 million for the 12 weeks to February 21, while retail sales lifted 13.8%.

Tags: sales growth pleased delivering

 
 

Ocado Group PLC's (OCDO) Equal weight Rating Reiterated at Barclays

2016-03-13 06:35:21| Grocery - Topix.net

's stock had its "equal weight" rating reiterated by equities research analysts at Barclays in a report released on Thursday, Market Beat.com reports. They currently have a GBX 290 price objective on the stock.

Tags: group rating weight equal

 

Ocado Is Strongly Positioned To Benefit From Continuing Channel Shift To Online Grocery Sales

2016-03-09 09:38:03| Grocery - Topix.net

Grocery retailing is over 40% of global retail sales and Ocado is uniquely positioned to benefit with a core grocery sales CAGR of around 15% till 2020. Online grocery shopping which is in the early stages of growth is happening across income groups with predominantly 25-40 age bracket which is a longer term positive.

Tags: online sales benefit channel

 

HSBC Reiterates "Reduce" Rating for Ocado Group PLC

2016-03-05 19:53:04| Grocery - Topix.net

's stock had its "reduce" rating reissued by equities research analysts at HSBC in a research report issued on Friday, AnalystRatingsNetwork.com reports. They presently have a GBX 200 price target on the stock.

Tags: group rating reduce plc

 

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