Ocado flags record Christmas as M&S offerings entice shoppers
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Ocado Retail reported a record Christmas season, driven by strong demand for Marks and Spencer products. The joint venture's revenue increased by 17.5% in Q4, contributing to a 13.9% rise over the year.
January 14, 2025 | 8:00 am
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Ocado Retail, a joint venture involving Ocado Group, reported a record Christmas with a 17.5% revenue increase in Q4, driven by demand for M&S products.
The record Christmas sales and significant revenue growth indicate strong performance and positive market reception, likely boosting Ocado's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80