Amazon Q2 sales up 40% and profit doubled

Date : 31 July 2020

Simon Mayhew

Head of Online Retail Insight

Amazon beat expectations with sales of $88.9bn in Q2, an increase of 40% year-on-year (YoY), with its North America business up 43%, and the international business up 38%. Online grocery sales trebled Amazon had expected sales of between $75bn and $81bn for the quarter. Its first-party online…

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