No surprises in the Q4 trading update of Ocado’s retail business. While the capacity constraints are unlikely to go away in the near term, we note that most of the growth is driven by new customer demand in the existing catchment areas. The current momentum is sustainable, in our opinion. No change to the stock recommendation.
16 Dec 2019
Q4 trading update - still going strong
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Q4 trading update - still going strong
Ocado Group PLC (OCDO:LON) | 349 -9.8 (-0.8%) | Mkt Cap: 2,893m
- Published:
16 Dec 2019 -
Author:
Nishant Choudhary -
Pages:
3
No surprises in the Q4 trading update of Ocado’s retail business. While the capacity constraints are unlikely to go away in the near term, we note that most of the growth is driven by new customer demand in the existing catchment areas. The current momentum is sustainable, in our opinion. No change to the stock recommendation.