Home / Knowledge / News / Apparel/Garments / Net sales at Amazon soar 22% in Q4
Net sales at Amazon soar 22% in Q4
01
Feb '16
Net sales at Amazon, the world's biggest online retailer soared 22 per cent to $35.7 billion in the fourth quarter of 2015, compared with $29.3 billion in fourth quarter 2014.

As per an Amazon press release, excluding the $1.2 billion unfavourable impact from year-over-year changes in foreign exchange rates in the quarter, net sales increased 26 per cent year over year.”

In the reporting quarter, operating income drove up 88 per cent to $1.1 billion as against operating income of $591 million in the year ago quarter.

Net income amounted to $482 million in the fourth quarter of 2015 or $1.00 per diluted share, vis-a-vis $214 million, or $0.45 per diluted share in fourth quarter of prior year.

“For full year 2015, net sales rose slower at 20 per cent to $107.0 billion, compared with $89.0 billion in 2014,” Amazon added in the press release.

Excluding the $5.2 billion unfavourable impact from year-over-year changes in foreign exchange rates throughout the year, net sales surged 26 per cent as against its previous year.

In the reporting year, operating income stood at $2.2 billion compared with operating income of $178 million in 2014.

In 2015, Amazon reported a turnaround in net income, which totaled to $596 million or $1.25 per diluted share, compared with net loss of $241 million, or $0.52 per diluted share in 2014.

Operating cash flow grew 74 per cent to $11.9 billion for the trailing twelve months versus $6.8 billion for the trailing twelve months ended December 31, 2014.

Free cash flow drove up to $7.3 billion for the trailing twelve months as against $1.9 billion for the trailing twelve months ended December 31, 2014.

Free cash flow less lease principal repayments increased to $4.7 billion for the trailing twelve months vis-à-vis $529 million for the trailing twelve months ended December 31, 2014.

Common shares outstanding plus shares underlying stock-based awards totaled 490 million on December 31, 2015, compared with 483 million on the same day one year ago.

“Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift,” Jeff Bezos, founder and CEO of Amazon said.

“This year, we pass $100 billion in annual sales and serve 300 million customers and measured by the dynamism in the marketplace and by the ever-expanding opportunities it feels every bit like day one,” he stated. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Apparel/Garments | On 20th Jan 2017

Nine West acquiring womenswear marketer Kasper Group

US based footwear, accessories and denim company Nine West Holdings...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search