Online supermarket Ocado Retail kept its financial guidance for the full year as it reported a 3.4% rise in first quarter revenue, driven by more customers using its service.
The business, a 50/50 joint venture between Ocado Group and Marks & Spencer, said its retail revenue in the 13 weeks to February 26 was £584m, up from £565 the same time last year.
Ocado Retail said average orders per week rose 3.6% to 381,000, with active customers reaching 951,000 at the end of the quarter, up 13.8% year-on-year.
It said average basket value was flat, with a 7.5% fall in the average number of items bought to 45, offset by an 8.3% rise in average selling prices.
The business maintained its financial guidance for the full 2022-2023 year - of "mid-single digit" revenue growth, with an improving trajectory during the year.
It has also pencilled in "marginally positive" core earnings or EBITDA compared to a £4m loss in 2022.
