Amazon CFO Says Third Party Sellers Accounted For 60% Of Units Sold In Second Quarter; Says Shipping Costs Growing At Slower Pace Than Unit Growth
Portfolio Pulse from Benzinga Newsdesk
Amazon's CFO has announced that third-party sellers accounted for 60% of units sold in Q2. Additionally, the company's shipping costs are growing at a slower pace than unit growth.
August 04, 2023 | 2:48 pm
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POSITIVE IMPACT
Amazon's Q2 sales were largely driven by third-party sellers, which accounted for 60% of units sold. The company's shipping costs are also growing at a slower pace than unit growth.
The news indicates a strong performance by Amazon's third-party sellers, which is positive for the company's revenues. Additionally, the slower growth in shipping costs compared to unit growth suggests improved operational efficiency, which could positively impact the company's profitability. Therefore, this news is likely to have a positive impact on Amazon's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100