Ocado’s strong show in the retail business (+52% yoy) is likely to normalise in the coming quarters but the company is well placed to gain retail market share in the UK. The on-boarding of M&S has also been smooth to date and we expect the company to clock healthy sales growth in FY21 as the capacity constraints are likely to be eased. Despite being a healthy business, we continue to see Ocado as an overvalued business.
18 Sep 2020
Retail remains robust
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Retail remains robust
Ocado Group PLC (OCDO:LON) | 454 -51.8 (-2.4%) | Mkt Cap: 3,764m
- Published:
18 Sep 2020 -
Author:
Nishant Choudhary -
Pages:
3
Ocado’s strong show in the retail business (+52% yoy) is likely to normalise in the coming quarters but the company is well placed to gain retail market share in the UK. The on-boarding of M&S has also been smooth to date and we expect the company to clock healthy sales growth in FY21 as the capacity constraints are likely to be eased. Despite being a healthy business, we continue to see Ocado as an overvalued business.