NEWSLETTER
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Transcription:
Conway Gittens: amazon is about to make history, again. Analysts have been reducing the numbers, and if they are right, amazon received around $ 187 billion in quarterly sales during the period including Christmas. A number that Big means that amazon probably exceeds Walmart quarterly, for the first time. Walmart has been the company with the largest quarterly sales of any company for each quarter since 2012, according to the records maintained by LSE.
That number of sales of $ 187 billion is special for another reason, it keeps amazon in a rarified club of companies with quarterly revenues above the brand of $ 100 billion. Walmart, of course, is the leader of that club. Apple is also a member, but it only makes a special appearance every year during the holidays. United Health recently joined the package.
Related: amazon reaches a greater milestone than Walmart, Target wants
The impulse, however, is clearly with amazon. The company is taking a most retailer dollars, since it adjusts the operations to a T. amazon Prime has become a force to take into account, with 200 million members and counting. A $ 139 per year brings all kinds of fast shipping options, which keeps members prime by clicking on that full order button. In fact, amazon says that Prime members, on average, make two orders every week. Some experts say that almost 60 percent of all online purchases are made on amazon.
Walmart, however, is not going around, playing dead. He has also launched a monthly membership program called Walmart+, and promises to maintain competition where it matters most: convenience and value. So, although amazon could be on the way to overcome Walmart as the largest income generator for the fourth quarter, Walmart is likely to be the largest income generator for all 2024.
Returning to the markets, consumers receive a tasty bite from Yum brands. The parent company of KFC, Pizza Hut and Taco Bell is forecast thanks to the success of its value value.
That will do that for your daily information session. From the New York Stock Exchange, I am Conway Gittens with Thestreet.
Look Icymi this week:
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- The Fed rate pause could mean problems for the economy of the United States
- UPS paid a great price for his amazon deliveries
- Trump EV's policy will have unexpected consequences beyond cars
