Ocado's sales rise as ' big price drop' campaign and joint venture with M&S bear fruit

Logo Daily MailDaily Mail
2023-09-19 10:28:10  • 2 mins

Ocado has reported a pick-up in sales as price cuts tempted shoppers back over the summer months.

The online grocer said sales grew 7.2 per cent to 569.9million in the third quarter, with a return to positive volume growth in August in its retail business which is run as a joint venture with M&S.

The pick-up in sales coincided with the launch of Ocado's 'big price drop' campaign ahead of the return to school.

Prices rose 8.4 per cent on average during the third quarter but Ocado said this still remained 'considerably' below wider grocery inflation.

Shares in Ocadoare up 3.2 per cent on Tuesday morning to 812.2p, having gained 26 per cent in the year-to-date.

Average orders per week grew 1.9 per cent year-on-year to 381,000, while active customers grew 1.5 per cent to 961,000.

Continue read on dailymail.co.uk

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