September 17, 2019 / 6:34 AM / 2 months ago

Britain's Ocado sees retail sales growth accelerate

LONDON, Sept 17 (Reuters) - British online supermarket and technology company Ocado reported an acceleration in retail sales growth in its latest quarter, helped by additional capacity from its fourth automated warehouse.

For the 13 weeks to Sept. 1, its fiscal third quarter, Ocado said retail revenue rose 11.4% to 386.3 million pounds. That compares with first half growth of 9.7% and guidance of 10-15% for the second half.

The results were the first since Ocado and Marks & Spencer completed their joint venture deal in August to create Ocado Retail. (Reporting by James Davey, Editing by Paul Sandle)

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