Ocado Group, the UK online supermarket and technology group, said today that Ocado Retail's revenue rose 52% in the 13 weeks to August 30, with the coronavirus pandemic generating huge demand for online deliveries.
That growth for its fiscal third quarter compares with 27.2% in its first half and a second-quarter exit rate of over 40%.
Ocado Retail is a joint venture between Ocado Group and Marks & Spencer.
The period of the trading update pre-dates Ocado Retail replacing Waitrose products with Marks & Spencer products from September 1.
Ocado said customers have responded positively to the switch.
