Amazon Sales Jump 37%, Better Than Expected

  • April 24, 2008
It may be raining bad news on other retailers, but has plenty to crow about.

The Seattle-based company says net sales for its first quarter jumped 37%, to $4.13 billion, while net income gained 30% to $143 million.

"Our sales growth this quarter was driven by low prices and millions of in-stock items available for immediate shipment," the company said in its release. While sales in its international segment gained 44%, North American sales were strong, too, gaining 31%. And it sees more of the same in the months ahead, predicting that for the second quarter, total sales will grow between 34% and 41%, and that full-year sales will increase between 29% and 35%.

--Sarah Mahoney

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