Ocado Group (GB:OCDO) has released an update.
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Ocado Group, in partnership with Marks & Spencer, reports a 15.5% increase in Q3 retail revenue at £658m with customer growth of 10.3%, leading to an upgraded full-year revenue forecast to low double-digit percentage growth. The company continues to focus on providing a wide product range, top-notch service, and competitive pricing, maintaining its position as the UK’s fastest-growing grocer. Despite the broader market challenges, Ocado’s strategy and customer-centric approach are yielding strong results and driving higher frequency of orders.
For further insights into GB:OCDO stock, check out TipRanks’ Stock Analysis page.
