Ocado sales rise as M&S partnership goes live
Ocado has posted an increase in quarterly sales and hailed a “positive” start to its joint venture with Marks & Spencer.
The online grocer said retail revenues surged 52% to £587.3m in the 13 weeks to August 30, as average weekly order numbers increased 9.6% to 345,000.
The group now expects to post full-year EBITDA of at least £40m.
Ocado started selling Marks & Spencer’s food products through its platform on September 1 and said shoppers had “responded positively” to the switchover from its former supply deal with Waitrose.
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