Ocado shares soar on record Christmas sales By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2025
0mins
Source: Investing.com
Strong Performance During Christmas: Ocado Group's shares rose over 10% after reporting a 17.5% year-on-year revenue growth during the festive season, reaching £715.8 million, driven by an increase in active customers and higher order volumes.
Future Growth Outlook: While Ocado anticipates continued growth and improved operational efficiency, analysts suggest that management's ambitious mid-term targets may face challenges due to potential capacity exceeding demand in the near term.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
