From Nasdaq: 2024-03-27 10:23:00

Amazon AMZN has expanded its same-day medication delivery service to New York City and Los Angeles for patients with common conditions. This move will utilize new small-format facilities and generative AI technology to speed up delivery. Amazon plans to expand this service to over a dozen cities by year-end.

As the online pharmacy market grows, Amazon is well-positioned with Amazon Pharmacy. Collaborations with Eli Lilly and initiatives like RxPass and drone delivery aim to enhance customer experience. With a projected $138-143.5 billion in net sales for Q1 2024, Amazon’s subscription revenues are set to grow.

Amazon’s stock has gained 17.3% year to date, outperforming the industry. The company’s focus on expanding Amazon Pharmacy’s reach and leveraging technology for faster delivery aligns with the growing online pharmacy market. With a Zacks Rank #2 (Buy), Amazon remains a strong contender for investors in the retail sector.



Read more at Nasdaq: Amazon (AMZN) Expands Same-Day Medication Delivery Service