Ocado warns on profits as cash-strapped shoppers cut back spending

Ocado vans

Ocado has reported an uplift in third-quarter sales and customer numbers, but says inflationary pressures have reduced its average basket size as shoppers prioritise value for money.

Ocado recorded a 2.7% uplift in sales year on year to £532m in the 13 weeks to August 28, which the etailer hailed as “a significant improvement” on its sales the previous quarter.

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