Amazon’s Q2 2023 results were positive with +11% growth YOY and continued improvement in operating income, both above top end guidance. Amazon CEO, Andy Jassy, cited lowering cost to serve from improvements to their fulfillment network and increased efficiency resulting in more same-day and one-day deliveries.
These changes are driving larger basket sizes and increasing shopping frequency. Amazon reported the strongest Prime Day event to date, offering customers +144% more deals than last year. AI continues to be a core focus for AWS, which had stabilizing growth rates at +12% YOY and is poised be a key partner for new enterprise AI projects.
Get the full Harvest Group Q2 2023 Amazon Earnings Report with unique takeaways for suppliers from our team of Amazon experts here:
