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Ocado books 11.7% revenue uptick amid snow disruptions

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Ocado has recorded another quarter of revenue growth, although it admitted heavy snow and winter storms adversely impacted sales in the final weeks of the period. The online grocery retailer reported an 11.7 per cent rise in retail revenues to £363.4 million for the first quarter to March 4, but in the final week nearly one per cent off its sales were wiped off as it battled to deliver orders in the “most trying conditions”. It comes after sales growth was also held back in final quarter of last year, when a shortage of drivers saw sales growth slowdown to 11.6 per cent compared to the 13.1 per cent growth recorded in the third quarter

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Ocado books 11.7% revenue uptick amid snow disruptions

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