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Bloomberg
Ocado Group Plc’s retail revenue rose more than 40% in the second quarter as the UK online grocer’s sales were boosted by home shopping during the Covid-19 lockdown.
The company suspended financial guidance for the year, saying uncertainty around the pandemic made it impossible to predict near-term sales trends.
The second-quarter’s gain was up from a 10% increase in the first quarter.
The shares rose as much as 3.9% on Wednesday in London and are up 34% so far this year.
Ocado has ramped up capacity in response to a lockdown-driven increase in business as shoppers are wary about venturing out of their homes to supermarkets.