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9 Febbraio 2018

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USA: AMAZON'S WHOLE FOODS REVENUE 'SLIGHTLY BETTER' THAN EXPECTED

Amazon reports record Q4 salesRichard Turcsik 1 | Feb, 2018Amazon.com Inc. wowed Wall Street with a record $60.5 billion in sales — an increase of 38% — for its fourth quarter, ended Dec. 31, 2017. Excluding the $1.1 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 36% compared with the fourth quarter of 2016.Net sales for the full year increased 31% to $177.9 billion, compared with $136 billion in 2016.For the quarter, operating income increased 69% to $2.1 billion, compared to $1.3 billion for the fourth quarter of 2016. However, for the full year operating income decreased 2% to $4.1 billion, compared to $4.2 billion in 2016.In an earnings conference call with securities analysts, company officials said they were pleased with the performance of Whole Foods, which Amazon acquired last summer.“We’re continuing to be very excited about the opportunities we have to innovate with the Whole Foods and Amazon teams together,” said Brian T. Olsavsky, CFO and senior vice president at Amazon.com. He noted that fourth-quarter physical store revenue at Amazon — primarily comprised of Whole Foods — was $4.5 billion. “That was slightly better than what was built into our guidance,” he said.“So far, our focus has been on continuing to lower prices even beyond the initial ones that we discussed at the close of the deal in late August,” he said, referencing price cuts on items including salmon and cage-free eggs. “We’ve launched Whole Foods products on our Amazon website and the technical work continues to make Prime the Whole Foods customer rewards program, and we expect to have more on that later in the year. We’ve also added lockers, and [have] much more to come. So we’re very happy with the initial results out of the team in Whole Foods down in Austin.”However, Whole Foods did post a “small operating loss” for the quarter, Olsavsky said. “At the time of the acquisition, we had stepped up the fair market value of certain assets on the balance sheet. That is going to increase the amortization,” he said.[...]To read the full article click on the link: http://www.supermarketnews.com/retail-financial/amazons-whole-foods-revenue-slightly-better-expected (ICE CHICAGO)