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1 number you might have missed from Amazon’s earnings



This article was originally published on All figures quoted in US dollars unless otherwise stated.

Just when you thought a rapid vaccine rollout would lead to good news for brick-and-mortar stores, Amazon (NASDAQ: AMZN) comes along and reminds investors just how large a shadow e-commerce can cast by crushing its first-quarter earnings.

I wrote in April that the king of e-commerce has a habit of exceeding expectations, and it came through on April 29 doing just that as it outperformed revenue growth guidance of 33% to 40% with a 44% year-over-year increase to its top line.

The first-quarter earnings report was strong across the board, but here’s one important number you might not have noticed.

Sales aren’t letting up…

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