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Ocado struggles continue despite a rise in customer transactions


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British online supermarket Ocado Retail (OCDO) has lowered its growth forecasts as the post-pandemic shift from online to in-store continues to drag on its share price.

The retailer cites lower basket sizes and rising costs as the main reason behind its 5.7% fall in revenue in its latest quarter, despite a rise in customer transactions.

IGTV’s Daniela Sabin Hathorn looks at Ocado’s chart to see how it is performing after the announcement.

 

 

Daniela Sabin Hathorn | Presenter and Analyst, London | Publication date: Thursday 17 March 2022

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