Breaking News

These are the 20 best travel destinations for summer 2024, according to Google Flight Searches 3 Google Maps updates to make summer travel easier SPACECENT is up the new war zone > United States Space Force > Article Display Tuberculosis — United States, 2023 | MMWR Thousands of US bridges are vulnerable to collapse from a single hit: NTSB Why don’t the Blazers or ROOT Sports offer standalone streaming? Up to 200,000 people estimated to travel to Vermont for total solar eclipse How fast will April’s total solar eclipse travel? The UN Security Council demands a ceasefire in Gaza during Ramadan Mexico in the emerging world order

Data: FactSet and Amazon; Chart: Nicki Camberg/Axios

Amazon’s growth is accelerating as the company adapts to a new economic environment.

Fast forward: Sales increased to $ 121.2 billion in the second quarter, or 7% – the same pace as the first three months of the year, the company reported on Thursday.

Content: The result was better than the fear because the digital number and logistics come from a period of large investments in logistics, online shopping and increased costs.

A note: Online sales, in particular, decreased 4% year-on-year in the second quarter to nearly $51 billion from $53 billion.

Our thoughts: Amazon needs to run the brick-and-mortar model to set the stage for the next phase of growth, while selling online.

The big picture: When asked about the decline in consumer spending that Walmart says it’s seeing, CFO Brian Olsavsky said the company “didn’t notice a step down in June.”

What to watch: The bright colors in Amazon remain its AWS business and advertising, which grew by 33% and 18% each year, beating estimates.

Editor’s note: This report has been updated with information on the $3.9 billion pre-tax cost associated with Amazon’s record on its acquisition of Rivian Automotive in the second quarter. .

Leave a Reply

Your email address will not be published. Required fields are marked *