Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The latest update is out from Ocado Group ( (GB:OCDO) ).
Ocado Group reported a strong performance in 2024, with accelerated sales growth in the fourth quarter, making it the UK’s fastest growing grocer. The company’s Q4 retail revenue increased by 17.5%, driven by a 12.1% growth in active customers and stable average basket sizes. Ocado’s strategic focus on unbeatable choice, value, and service contributed to this success, alongside technological advancements in Customer Fulfilment Centres. The company achieved its highest-ever sales during the Christmas trading period, reflecting improvements in product availability and customer satisfaction. As it looks to the future, Ocado aims to enhance its customer proposition, improve profitability, and transition to new technology platforms, with optimistic guidance for continued growth in 2025.
More about Ocado Group
Ocado Retail Ltd, a joint venture between Ocado Group plc and Marks & Spencer Group plc, operates as the world’s largest dedicated online supermarket. It serves over 80% of the UK population with a wide range of approximately 45,000 products, including those from M&S and other prominent brands. The company is known for its superior service, minimal substitutions, and advanced technology, operating through a network of regional spokes and delivery vans. Ocado Retail also manages Zoom by Ocado, its rapid grocery delivery service.
YTD Price Performance: -13.76%
Average Trading Volume: 4,751
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.8B
For an in-depth examination of OCDO stock, go to TipRanks’ Stock Analysis page.
