
EP298 - Amazon Q3 Earnings
The Jason & Scot Show - E-Commerce And Retail News
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What's the Bottom Line of Expectations?
Jeff Bezos tweeted like a week or two ago that was like kind of his own POV. And I think it was baton down the hatches. So there's reading the body language. It feels like it's getting worse. But on the bottom line, so all that was the top line and kind of the interior parts of revenue. Let's look at the profitability operating income came in at 2.53 billion versus 2.94 billion. The other thing that was interesting is Amazon goes through these, what I would call invest in harvest cycles. During COVID, they invested a major amount. They almost doubled their fulfillment footprint. That could also be supply chain issues.
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