Andy Jassy Predicts Pandemic-Like Consumer Shifts, Says Amazon Is ‘Maniacally Focused’ On Keeping Prices Low
From Yahoo Finance: 2025-05-03 16:41:00
Amazon CEO Andy Jassy predicts a possible shift in consumer behavior akin to the pandemic era, emphasizing Amazon’s commitment to affordability. Jassy addresses trade tensions and tariff concerns, focusing on keeping prices low. Amazon’s proactive measures include stocking up on inventory to shield customers from potential price hikes.
In the first quarter, Amazon reported a 9% increase in net sales to $155.7 billion, beating Wall Street estimates. For the second quarter, the company anticipates net sales between $159 billion and $164 billion, with analysts projecting $160.91 billion. Some Amazon sellers are skipping Prime Day 2025 or reducing discounts due to high tariffs on Chinese goods.