Active shoppers and orders increase as Ocado maintains guidance
- Ocado sales rose 10.6% to £645.3m in H1 2024
- Active shopper numbers for the group increased by 6.4% to one million
- Average orders per week grew by 8.4% compared to Q1 2023
- Volumes increased by 8.1% to £242.1m
- Average basket value increased by 2.1% to £125.4m
- Ocado maintains its FY23 guidance
- Ocado CEO highlights progress in the company’s Perfect Execution program
- Efforts to enrich product range, enhance availability, and lower prices
Ocado has announced a 10.6% increase in sales to £645.3m in the first half of 2024. The online supermarket also saw a 6.4% rise in active shopper numbers, reaching one million, while average orders per week grew by 8.4% compared to the same period in 2023. Volumes increased by 8.1% to £242.1m, and the average basket value rose by 2.1% to £125.4m. Despite the growth, Ocado has maintained its FY23 guidance, which includes a mid-high single-digit revenue growth percentage and a 2.5% EBITDA margin. Ocado CEO, Hannah Gibson, attributed the positive results to the company’s Perfect Execution program, which focuses on improving the customer proposition through choice, service, and value. Gibson also highlighted efforts to enrich the product range, enhance availability, and lower prices. Looking ahead, Gibson expressed optimism for further growth in 2024.
Factuality Level: 9
Factuality Justification: The article provides specific and verifiable information about Ocado’s sales performance, active shopper numbers, average orders per week, revenue growth guidance, and strategic initiatives. The information is presented in a clear and factual manner without any apparent bias or misleading content.
Noise Level: 3
Noise Justification: The article provides specific and relevant information about Ocado’s sales performance, active shopper numbers, average orders per week, revenue guidance, and strategic initiatives. It stays on topic and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, accountability, and scientific rigor, which prevents it from receiving a higher rating.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news are the retail and grocery sectors. Companies in these sectors, including Ocado and its partner M&S, may be affected by the increase in sales and customer numbers.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article does not mention any extreme events or events that would have a significant impact on financial markets or companies. It primarily focuses on the financial performance and growth of Ocado.
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