Amazon's Whole Foods made less in Q3 after big acquisition

2017-10-27 1

Amazon's earnings report for Q3 was astonishing. However, the impact that Whole Foods, Amazon's big acquisition, made was relatively small. Whole Foods' contributed $1.3 billion to Amazon's revenue record $44 billion total haul this quarter. The grocer also made around two thirds less profit in the month since the acquisition than the same period last year. Despite this, Amazon has big plans in store for Whole Foods. 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. There will be a lot of integration, a lot of touch points, and a lot of working together as we go forward.

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