Ocado posts sales rise but warns of coronavirus ‘disruptions’

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Ocado Retail has posted a rise in sales during its first quarter but warned that the coronavirus pandemic could cause “further disruptions” to the business.

The online grocer said retail revenues jumped 10.3% to £441.2m during the 13 weeks to March 1.

But it said that, in the weeks that have followed that period, it has seen an “increased demand for orders” and “higher value baskets” as shoppers stock up on certain products.

Sales in its second quarter to date have grown at around 20% as a result, the etailer said.

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