US EditionAmazon CEO Jassy says he’s ‘optimistic’ company could emerge from tariff uncertainty stronger
- Amazon CEO Andy Jassy stated on May 1 that the company faces uncertain tariff impacts while reporting strong first-quarter revenues from its Seattle headquarters.
- Heightened buying in certain categories and forward purchasing by Amazon and sellers reflect preparation for possible tariff-related price increases and supply disruptions.
- Amazon reported $155.7 billion in first-quarter revenue, exceeding estimates and showing over 8% growth year-over-year despite a 10% out-of-stock rate on sampled products.
- Jassy acknowledged the uncertainty surrounding the final outcome and timing of tariffs but emphasized that Amazon’s extensive product range and network of over two million sellers enable the company to provide customers with more competitive prices during such market disruptions.
- Jassy expressed optimism that Amazon will gain market share amid tariff uncertainties, supported by its value positioning, low pricing, and speedy delivery.
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Andy Jassy Predicts Pandemic-Like Consumer Shifts, Says Amazon Is 'Maniacally Focused' On Keeping Prices Low - Amazon.com (NASDAQ:AMZN)
On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) CEO Andy Jassy predicted a potential shift in consumer behavior reminiscent of the pandemic era while asserting that the e-commerce giant is doubling down on affordability. What Happened: During Amazon's first-quarter earnings call, Jassy addressed questions about Amazon's medium-term strategy amid trade tensions and possible tariff hikes. “It's hard to tell what's gonna happen with tariffs right now,”…
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