Whole Foods is making much less money since Amazon bought it and slashed prices across the board, but the online shopping giant doesn't really care. 。
Amazon revealed in an earnings call on Thursday that the supermarket chain made around two thirds less profit in the month since the acquisition than the same period last year (part of the difference can be attributed to accounting considerations). 。
SEE ALSO:Dear Mr. Bezos: Pick Mashable's proposal for Amazon's new headquarters 。That didn't stop Amazon from reporting a killer quarter overall, sending its stock soaring in after-hours trading.。
Whole Foods' $1.3 billion contribution to Amazon's revenue is a relative blip in its record $44 billion total haul this quarter. 。
But the value of Whole Foods to Amazon has always been about much more than its grocery sales. To Amazon, Whole Foods is a network of distribution centers, a marketing floor for its gadgets, a promotional tool to boost Prime membership, and a stable of established private-label brand names to add to its burgeoning collection. 。
Thanks for signing up! 。
Amazon execs hinted at some of the company's big plans for the chain in the earnings call. 。
"There will be a lot of work together between Prime Now, Amazon Fresh, Whole Foods, Whole Foods products on the Amazon site, and Amazon lockers at the Whole Foods stores," Amazon chief financial officer Brian Olsavsky told investors and analysts. "There will be a lot of integration, a lot of touch points, and a lot of working together as we go forward." 。Farm fresh smart speakers.Credit: MASHABLE/LILI SAMS 。
Amazon is famous for its long-term thinking, often at the expense of turning an immediate profit, so its approach here is not out of character. The company's various ventures now encompass almost every single consumer market, and CEO Jeff Bezos is an expert at linking these sometimes disparate threads in such a way that they build on one another toward a longer term goal. 。
The value of Whole Foods to Amazon has always been about much more than its grocery sales 。
Thursday's report marks Amazon's 10th straight profitable quarter and its biggest sales to date, a fact that went mostly unmentioned in its presentation. 。
Amazon's money-minting cloud business continues to cushion profits, despite slowing growth. Its expansion efforts overseas are paying off in the form of big retail growth. Its advertising operation, a relative afterthought in the context of its entire balance sheet, grew sales by an estimated 58 percent to around five times Snapchat's entire revenue.。
Despite constant doubts from high-profile investors about the longevity of Amazon's reign, the company remains pretty much unstoppable.。
Featured Video For You 。
(责任编辑：休閑)
Slack goes down again, prompting anxiety everywhere
How to escape your routine and get ahead at work
New Yorkers capture the warm glow of 'Manhattanhenge'
Rolling Stone beats 1 of its lawsuits over University of Virginia gang rape storyFiji wins firstFyvush Finkel, Emmy winner for 'Picket Fences,' dies at 93
NEW YORK (AP) — Actor Fyvush Finkel, the plastic-faced Emmy Award-winning character actor whos
...[详细]Still don't know which Australian party to vote for? This tool can help.
If you're unsure which political party to vote for Saturday in the Australian election, never fear:
...[详细]Saint Rihanna had pizzas delivered to patient, rain
If you're lucky, your ticket to Rihanna's ANTI World Tour may come with some free pizza.Despite the
...[详细]Spending a day on 'Pokémon Go' is not good for your phone's battery life
It's fair to say Pokémon Gohas sent people wild again for the 20-year-old gaming franchise.Th
...[详细]This chart shows just how high Simone Biles can jump
American gymnast Simone Biles has dominated the Rio Olympics with five medals (four of them gold) bu
...[详细]'Pokémon Go' players are taping their phones to ceiling fans to hatch Eggs
As Pokémon Go sweeps the nation, it's important to remember what a fun game is all about: win
...[详细]'Harry Potter' at the Hollywood Bowl: A magical night in L.A.
HOLLYWOOD, California -- Fifteen years ago, my parents and I lined up outside of a Los Angeles movie
...[详细]Taiwanese dog models fruit couture like a pro
Move aside Gigi Hadid and Kendall Jenner, there's a new supermodel in town. It's got floppy ears, lo
...[详细]Photos show the Blue Cut fire blazing a path of destruction in California
A fast moving wildfire continued raging near San Bernadino, California, forcing the evacuation of at
...[详细]Crackle announces premiere date for Adam Brody, Martin Freeman drama 'StartUp'
LOS ANGELES -- Adam Brody is returning to the small screen with Crackle's new show StartUp.The strea
...[详细]Photos show the Blue Cut fire blazing a path of destruction in California
Still don't know which Australian party to vote for? This tool can help.
