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Ocado Retail Lifts Sales Guidance
UK's Ocado Retail lifts revenue guidance on customer growth
LONDON (Reuters) -British online supermarket Ocado Retail lifted its revenue guidance for its 2023-2024 year after sales jumped 15.5% in its latest quarter, as a focus on value attracted more customers.
Ocado Retail records 15.5% revenue growth in Q3 FY24
Ocado Retail, a collaboration between Ocado Group and Marks & Spencer, has announced a 15.5% revenue increase to £658m in the third quarter (Q3) of fiscal 2024 (FY24), up from £569.6m in Q3 FY23.
Ocado Retail Lifts Sales Guidance on Improved Volumes
Ocado lifted its revenue guidance for fiscal 2024 and confirmed its earnings target, after its retail joint venture with Marks & Spencer posted a sharp increase in third-quarter sales, supported by improved volumes.
1d
Sell Rating for Ocado Group: Strong Revenue Growth Overshadowed by Profitability and Valuation Concerns
Analyst Luke Holbrook from Morgan Stanley maintained a Sell rating on Ocado Group (OCDGF – Research Report) and keeping the price target ...
Reuters
2d
UK's Ocado Retail lifts guidance on customer growth
LONDON, Sept 19 (Reuters) - British online supermarket
Ocado
Retail lifted its guidance for its 2023-2024 year after ...
2d
on MSN
Ocado Group falls Wednesday, underperforms market
Shares of Ocado Group PLC OCDO inched down 0.94% to £3.50 Wednesday, on what proved to be an all-around poor trading session ...
23h
Ocado Group (OCDGF) Gets a Sell from Barclays
Barclays analyst Sarah Roberts maintained a Sell rating on Ocado Group (OCDGF – Research Report) today and set a price target of £3.55.
MoneyWeek
1d
Ocado shares jump 14% after sales surge
Ocado shares rose by as much as 14% on Thursday before falling back after the online retailer said third-quarter sales had ...
12h
Ocado Group falls Friday, underperforms market
Ocado Group PLC OCDO shares dropped 4.37% to £3.44 Friday, on what proved to be an all-around poor trading session for the ...
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