Business
Trading Statement
Trading Statement.
About this update from Ocado Group Plc
[{"type":"text","content":"\n\nOCADO GROUP PLC\n14 January 2025\n \nOcado Retail Q4 Trading Statement\n \nStrong performance throughout 2024; accelerated sales growth in Q4,\nremaining the fastest growing grocer in the UK\n \nOcado Retail Ltd (\"Ocado\"), a joint venture between Ocado Group plc (\"Ocado Group\") and Marks & Spencer Group plc (\"M&S\"), today announces its trading statement for the 13 weeks to 1st December 2024\n \nQ4 Highlights\n· Q4 Retail revenue grew by 17.5% to £715.8m as we continued to deliver on our strategy of unbeatable choice, unrivalled service and reassuringly good value; enabled by Ocado's technology and automated Customer Fulfilment Centres\n· Volumes (total items) on Ocado.com grew 17.0% year-on-year and average orders per week grew by 16.9% to 476k\n· Performance was driven by active customer base growth of 12.1%, now at 1.1m active customers, and greater frequency as more customers shopped with us more of the time\n· Growth was driven by order volumes; average basket sizes were stable and average selling prices were flat as we continued to invest in price and value ahead of the market\n \nKey financial drivers\n\n\n\n\n\n\n\n13 weeks\nQ4 2024\n\n\n13 weeks\nQ4 20237\n\n\nYear-on-year change (%)8\n\n\n\n\nRetail revenue (£ million)1\n\n\n715.8\n\n\n609.4\n\n\n+17.5\n\n\n\n\nVolumes - total items (million)2\n\n\n271.6\n\n\n232.2\n\n\n+17.0\n\n\n\n\nAverage orders per week (000s)3\n\n\n476\n\n\n407\n\n\n+16.9\n\n\n\n\nActive customers (000s)4\n\n\n1,119\n\n\n998\n\n\n+12.1\n\n\n\n\nAverage basket value (£)5\n\n\n120.85\n\n\n120.62\n\n\n+0.2\n\n\n\n\nAverage selling price (£)6\n\n\n2.75\n\n\n2.75\n\n\n+0.1\n\n\n\n\nAverage basket size (items)\n\n\n43.9\n\n\n43.8\n\n\n+0.1\n\n\n\n\n \n \nFY 2024 (52 weeks to 1st December 2024)\n· Full year Retail revenue grew by 13.9% to £2,685.8m\n· Volumes (total items) on Ocado.com grew by 12.9% and average orders per week grew by 12.5%, driven by growth in active customer base of 12.1% to 1.1m active customers, and increased frequency\n· Average basket value increased by 1.0% to £122.09, with basket size up 0.3% to 44.3 items and a 0.6% incr...