Amazon.com, Inc. Management Talks Physical Stores, Prime Day, and Whole Foods
Amazon.com (NASDAQ: AMZN) is firing on all cylinders. The company's third-quarter earnings report blew investors away, sending shares soaring as much as 13.6% on Friday. But there's more to the story than the big numbers in Amazon's earnings report. Amazon's third-quarter earnings call was packed with useful insight for shareholders, including discussion of Amazon's new "physical stores" revenue segment, management's plans for Whole Foods, and how Prime Day gave the quarter a boost.
Any investors looking over Amazon's financial statements may have noticed a revenue segment called "physical stores." Including sales from Amazon's acquisition of Whole Foods during the quarter, the new segment added $1.3 billion to the company's top line.
Amazon Go checkout-free experience. Image source: Amazon.com.
Source: Fool.com
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