Q3 2023 Ocado Group PLC Trading Statement Call Transcript

Feb 14, 2024

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Sep 19, 2023 / 07:00AM GMT
Operator

Hello, and welcome to the Ocado Analyst Call. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to Hannah Gibson to begin today's conference. Please go ahead.

Hannah Gibson - Ocado Retail Limited - CEO & Director

Good morning, everyone. This is Hannah Gibson, CEO of Ocado Retail. The key message from today's third quarter trading statement is that we returned to positive volume growth in the last month of the quarter, ahead of our original expectations. We delivered a return to volume growth earlier than we have guided reflects the hard work of everyone at Ocado and the progress we have made this year on all fronts, from fine-tuning on service levels, broadening the range and investing in value for our customers. This is really important because volume recovery at Ocado Retail will help grow profitability as we use the capacity we already have available.

You will recall hearing me at the beginning of the year talking about our perfect execution strategy at the heart of a new plant to take Ocado

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