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：探索)
Chinese gymnastics team horrifies crowd with human jump ropeStudy trains Port Jackson sharks to respond to jazz music7 year old who wants to watch dog videos cleverly made her own cardboard computerReview: Snap's new Spectacles are the boring update we neededPlayStation Now game streaming is coming to PCDog elected for third term as mayor of Minnesota town
Hopefully he has a human chief of staff.。Duke the Great Pyrenees is the only dog that's ever been el
...[详细]5 burning questions about Amy Schumer's truly baffling 'I Feel Pretty'
I Feel Prettyis ostensibly a fable of female empowerment, as an insecure woman (Amy Schumer) suddenl
...[详细]UNICEF turns to cryptocurrency mining for fundraising
Taking control of one's browser to mine cryptocurrency has a somewhat of a negative connotation, but
...[详细]Fyre festival to get a documentary for Hulu
The Fyre Festival was one of those disasters that the world collectively couldn't keep its eyes off
...[详细]SINGAPORE -- Getting stuff done at the bank often involves having to waste part of your day standing
...[详细]'Family Guy' campaigns for Emmys by smuggly taking credit for #MeToo
Ah, leave it to The Men to give themselves a pat on the back for "predicting" accused Hollywood pred
...[详细]Review: Snap's new Spectacles are the boring update we needed
Snap "we're a camera company" Inc. just launched its second piece of hardware: the next version of i
...[详细]Donald Glover ate pizza and watched Star Wars after getting cast as Lando
If you didn't already think Donald Glover was the perfect Lando Calrissian for 。 Solo: A Star Wars St
...[详细]Dressage horse dancing to 'Smooth' by Santana wins gold for chillest horse
Okay forget everyone else -- this horse named Lorenzo is our favorite Olympic athlete now.
。Lorenzo,
...[详细]'Family Guy' campaigns for Emmys by smuggly taking credit for #MeToo
Ah, leave it to The Men to give themselves a pat on the back for "predicting" accused Hollywood pred
...[详细]Photos show the Blue Cut fire blazing a path of destruction in California
This note from a deaf Uber driver is going super viral
