Ocado has attributed a decrease in revenues to a “softening market” as restrictions eased and more customers returned to offices.
For the first quarter covering the 13 weeks to February 27, Ocado reported revenues of £564.7m. This marked a 5.7% drop from the same period last year.
Average basket size also declined to £124, a decrease of 15% compared with 2021 when the UK was in lockdown.
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