Whole Foods contributes to Amazon's enormous turnover increase

Whole Foods contributes to Amazon's enormous turnover increase
Shutterstock

American Amazon’s third quarter turnover grew a lot once more, partially thanks to Whole Foods. This was the first time the chain’s turnover was added to Amazon’s overall turnover.

High costs

Amazon’s third quarter turnover grew 34 % to 43.7 billion dollars (38 billion euro). Slightly more than 1 billion euro (1.3 billion dollars) came from supermarket chain Whole Foods. Amazon’s cloud division contributed 4.8 billion dollars (4.1 billion euro), another 34 %, albeit a slower growth pace than in the past quarters.

 

Amazon’s operational profit did slump 40 % to 347 million dollars (300 million euro) because of several sizeable investments. It also added 160,000 employees, although a bite more than half of those came from Whole Foods. It did increase its net profit slightly, from 252 million dollars to 256 million dollars (220 million euro).

 

For its fourth quarter Amazon intends another turnover growth, to a range between 56 and 60.5 billion dollars (48 to 52 billion euro), which would essentialy be another 28 to 38 % turnover increase compared to the year before.

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Hema returns to profitability

07/12/2017

Hema has become profitable again: after improved net losses in the past quarters, the Dutch chain has managed to become profitable again in the third quarter.

Walmart wants to shed its "store" label

07/12/2017

American Walmart is legally Wal-Mart Stores, but its popular name has long since been Walmart. However, the company will now alter that: in this eCommerce era, it aims to be more than merely a store chain.

Huge third quarter loss for Hudson’s Bay

07/12/2017

Canadian Hudson’s Bay suffered a huge loss in its third quarter of 2017. Its turnover also slumped compared to the year before.

Luxury manufacturers can block retailers from selling on Amazon

07/12/2017

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

JYSK published record results once more

01/12/2017

Danish JYSK published a record 3.36 billion euro turnover in its 2016-2017 fiscal year. Backed by more than 2,500 stores worldwide, it achieved yet another record.

Benetton moves back to its roots

30/11/2017

Luciano Benetton, founder of the Italian fashion chain, will take back control at the age of 82. He wants to return his company to its former glory: “The decay is unbearable”, he announced in the La Repubblica paper.

Back to top