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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ocado Group Plc | LSE:OCDO | London | Ordinary Share | GB00B3MBS747 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -9.20 | -2.54% | 353.10 | 352.90 | 353.50 | 368.20 | 350.00 | 364.40 | 5,374,585 | 16:35:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Retail Stores, Nec | 2.83B | -314M | -0.3838 | -9.21 | 2.89B |
From Apr 2021 to Apr 2024
By Sabela Ojea
Ocado Group PLC said Tuesday that it benefited from strong underlying demand in the fourth quarter of fiscal 2021, but that its retail revenue declined for the fourth quarter on a changing post-lockdown environment in the U.K.
The online grocer and retail-technology specialist said retail revenue declined to 547.8 million pounds ($723.8 million) for the 13 weeks ended Nov. 18 from GBP570.1 million for the same period a year earlier.
The FTSE 100 company said its average orders per week were stronger. However, it was hit by labor shortages and the fact that the value of the average basket fell 12% to GBP118, as many consumers spent less time at home after having to return to the office.
Regarding its outlook, Ocado said its full-year results for fiscal 2021 are expected to be in line with guidance and that it anticipates a return to strong, mid-teens revenue growth in 2022, at the top of the historic pre-pandemicrange of 10%-15%.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 14, 2021 02:34 ET (07:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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