Friday, February 1, 2019

Amazon’s Q4 store sales fall 2.7%—largely due to lackluster Whole Foods

Chain Store Age
Overall, Amazon has ended its fiscal year on a positive note. However, there is now a clear divergence in performance between the top and bottom lines – with the latter accelerating and the former decelerating.

On the profit front, Amazon’s results are impressive. Net income increased by 63.1% and operating income by 78.0%. Much of this is coming from the Amazon Web Services segment, where income from operations rose by 61%. However, some credit should also go to the North American operation where volume increases helped ease up operating profits by 33%. . . . more