Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Thu July 30 2020 16:40:45

Amazon Grows US Net Sales 43 Percent in Second Quarter

By: Ina Steiner

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Amazon grew net sales in the US 43% in the second quarter (April, May, June). International net sales grew 38% year over year. 

Worldwide paid units grew 57%. Third-party sellers made up 53% of total worldwide paid units in the quarter.

And third-party sales again grew faster this quarter than Amazon's first-party sales. 

Excerpt of Amazon press release follows:

Amazon.com Announces Second Quarter Results
July 30, 2020 04:08 PM Eastern Daylight Time

Amazon.com, Inc. today announced financial results for its second quarter ended June 30, 2020.

Operating cash flow increased 42% to $51.2 billion for the trailing twelve months, compared with $36.0 billion for the trailing twelve months ended June 30, 2019.

Free cash flow increased to $31.9 billion for the trailing twelve months, compared with $25.0 billion for the trailing twelve months ended June 30, 2019.

Free cash flow less principal repayments of finance leases and financing obligations increased to $21.3 billion for the trailing twelve months, compared with $16.1 billion for the trailing twelve months ended June 30, 2019.

Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $19.4 billion for the trailing twelve months, compared with $13.0 billion for the trailing twelve months ended June 30, 2019.

Common shares outstanding plus shares underlying stock-based awards totaled 517 million on June 30, 2020, compared with 510 million one year ago.

Net sales increased 40% to $88.9 billion in the second quarter, compared with $63.4 billion in second quarter 2019. Excluding the $582 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 41% compared with second quarter 2019.

Operating income increased to $5.8 billion in the second quarter, compared with operating income of $3.1 billion in second quarter 2019.

Net income increased to $5.2 billion in the second quarter, or $10.30 per diluted share, compared with net income of $2.6 billion, or $5.22 per diluted share, in second quarter 2019.

"This was another highly unusual quarter, and I couldn't be more proud of and grateful to our employees around the globe," said Jeff Bezos, Amazon founder and CEO. 

"As expected, we spent over $4 billion on incremental COVID-19-related costs in the quarter to help keep employees safe and deliver products to customers in this time of high demand - purchasing personal protective equipment, increasing cleaning of our facilities, following new safety process paths, adding new backup family care benefits, and paying a special thank you bonus of over $500 million to front-line employees and delivery partners. 

"We've created over 175,000 new jobs since March and are in the process of bringing 125,000 of these employees into regular, full-time positions. 

"And third-party sales again grew faster this quarter than Amazon's first-party sales. 

"Lastly, even in this unpredictable time, we injected significant money into the economy this quarter, investing over $9 billion in capital projects, including fulfillment, transportation, and AWS."

The full press release with charts and guidance is available on Businesswire.com.

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Perminate Link for Amazon Grows US Net Sales 43 Percent in Second Quarter   Amazon Grows US Net Sales 43 Percent in Second Quarter

by: RL15 This user has validated their user name.

Thu Jul 30 18:02:30 2020

Good job!!

Perminate Link for Amazon Grows US Net Sales 43 Percent in Second Quarter   Amazon Grows US Net Sales 43 Percent in Second Quarter

by: postbuster This user has validated their user name.

Thu Jul 30 19:22:19 2020

eBay should really get some lotion for that burn.

I'm sure Amazon has some.  :  )

Perminate Link for Amazon Grows US Net Sales 43 Percent in Second Quarter   Amazon Grows US Net Sales 43 Percent in Second Quarter

by: FeelingFroggy This user has validated their user name.

Thu Jul 30 19:25:54 2020

Ebay drooling again.

Perminate Link for Amazon Grows US Net Sales 43 Percent in Second Quarter   Amazon Grows US Net Sales 43 Percent in Second Quarter

by: ebayout This user has validated their user name.

Thu Jul 30 21:14:50 2020

Amazon: Net sales...real
EBay:     "GMV"........imaginary  

Perminate Link for Amazon Grows US Net Sales 43 Percent in Second Quarter   Amazon Grows US Net Sales 43 Percent in Second Quarter

This user has validated their user name. by: toolguy

Fri Jul 31 09:22:13 2020

I REFUSE to buy ANYTHING on amazon!

I can't make the world's richest man richer then he is.

I'll have no part of it, he's destroying small brick & mortar.

If the Earth has another Carrington event we're all in deep trouble. . . . . .

Perminate Link for Amazon Grows US Net Sales 43 Percent in Second Quarter   Amazon Grows US Net Sales 43 Percent in Second Quarter

This user has validated their user name. by: Bill

Sat Aug 1 00:31:11 2020

Toolguy:

I agree with you on that.



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