Ocado and Tesco outpace grocery market growth as Christmas shopping starts early
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Ocado and Tesco have outpaced the grocery market growth as early Christmas shopping boosts sales. Over the four weeks to November 3, their take-home sales increased by 2.3% to £11.6 billion, marking the best sales period of the year.
November 12, 2024 | 12:00 pm
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Ocado's sales have increased by 2.3% over the four weeks to November 3, outpacing the wider grocery market, driven by early Christmas shopping.
Ocado's sales growth of 2.3% indicates strong performance relative to the grocery market, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80