Once a month or so we do have a household food delivery from Ocado (OCDO) and, as observed back in September, I am a bit of a fan. Helped by its M&S (MKS) link, the quality is a little better in my opinion than our normal delivery faves Morrison and J Sainsbury (SBRY) but the cost is somewhat higher. Still, it is better than going to a rip-off restaurant and - let’s face it - cooking your own food is hardly impossible. However good luck if you fancy a few Christmas specials from the Ocado delivery range because when I last looked the next deliveries are in 2022. Today’s Q4 trading statement was hardly shabby either as it observed ‘strong underlying demand trend…conviction to invest and accelerate growth’, even before the Christmas demand.
Hello, Share Shapers. Supermarkets are doing rather well at the mo, motivated I suspect by the take-over interest in Morrisons (MRW). However, I can see more reliable drivers for the online supermarket Ocado (OCDO), which has risen in prominence during the lockdowns. My brighter colleague Chris Bailey has already commented on this baby, but the situation is fascinating so allow me to put in my two bits worth.
I believe there is a football game at 8pm later today (sorry Italy, but someone has to lose) but - helping to make sure the family has a range of nice things to eat and drink whilst watching the game - Ocado (OCDO) is dropping around at the house in a few hours time. It might describe itself as ‘a publicly-traded company that develops software, robotics, and automation systems for online retailers’, but specifically in the UK it has switched from working with Waitrose to now working with Marks & Spencer (MKS).