Investors are looking for signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers.
Investors tuning into the company’s earnings call this week also want updates on the tech giant’s cloud business, ad revenue growth and signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers.
Amazon said it recorded record delivery speeds in the US in the second-quarter while continuing to cut costs.However, as consumers overall pullback on spending, companies invested in AI and cloud tools are forced to reconsider their expenses, which will influence cloud computing growth, Forte said. On the retail front, Amazon investors are eyeing how the company will keep consumers shopping on its site as discretionary spending decelerates with US retail sales seeing a nominal increase 0.2% in June.
Investors are looking for Amazon’s game plan to improve its e-commerce business profitability for rest of the year. Prime Day sales, which took place July 11-12, will not be included in Amazon’s results for its second quarter, which ended June 30. The retail giant hit record sales on the first half of its two-day Prime event and plans to host another fall Prime event.
“The big focus point will be on improving profitability and the hope is that e-commerce margins will improve year-over-year and quarter-over-quarter,” said Arun Sundaram, vice president of equity research at CFRA.
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