AFTER a colourful year, online supermarket and automation giant Ocado will later this week unveil its earnings for 2023.

Shares in the grocery tech firm are down by around three-quarters from their short lived lockdown peak of early 2021. Its retail arm, which it shares 50-50 with Marks and Spencer, already offered an encouraging trading update in January, as customers fell back in favour with the brand after a series of price cuts.

The upmarket grocer said it was boosted by its highest level of sales over Christmas, selling over 90 per cent of peak slots released by mid- October.

For the full year, revenue was up seven per cent to £2.3bn and average orders were up 6.3 per cent to 407.

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