How many people shop at ocado

The company overall may be well-positioned to continue its successful trajectory, but Ocado's ability pleasantly to surprise will be increasingly difficult to deliver. Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

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Property drought keeps pushing up house prices - as three quarters of agents say EPC ratings have 'little or no' impact on how much homes are worth Previous. Low cost portfolios. We are confident that accelerated growth in the online channel will continue, leading to a permanent redrawing of the landscape of the grocery industry worldwide. Profit margins in the UK dipped as the group had to bring in extra staff to cover absences during the crisis and purchase virus tests and protective equipment for workers.

Analysts at GlobalData said Ocado had a clear opportunity to expand, with just over a fifth of UK consumers saying they are currently shopping more online for food and planning to continue that in the future. Ocado has been one of the best-performing shares in the FTSE in the past year, roughly doubling in value since last March. It is in the perfect position to benefit from the restrictions put in place to control the coronavirus, with shoppers clamouring for online deliveries in order to avoid a trip to the supermarket.

Ocado is spending heavily not only on technology, but also new warehouses. Shares in Ocado have always priced in the promise of future profits, and today's numbers made that promise seem that much further off. Ocado said in its full year statement on Tuesday: "The pandemic has accelerated the rate of channel shift to online. Similar trends are observable in the United States as well as many other countries around the world. Ross Hindle, from research firm Third Bridge, said: "These are not just results, these are remarkable results.