Amazon’s physical grocery push deepens its fight against rival Walmart
By
Binu Mathew
Amazon was once the upstart running ahead of Walmart with its revolutionary e-commerce business. It now finds itself betting on the kind of mega-store typically associated with its Bentonville, Arkansas, rival.
Analysts expect Amazon’s fourth-quarter physical store revenue, which includes Whole Foods, Amazon Fresh and Amazon Go sales, to increase 5.4% from a year ago to $5.9 billion when it reports results on Thursday, according to estimates from LSEG. Overall earnings are expected at $1.97 a share.
