Thursday, 27 July 2017 00:00

Amazon May Finally Disclose Whole Foods Plan

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(Seattle)

It did not stop the stock from surging on the news, but for several weeks investors have been in the dark about exactly what Amazon is planning for its Whole Foods acquisition. Today is the company’s first earnings call since the acquisition and Amazon may finally shed some light on the plans. The big questions are on how the company will use Whole Foods’ footprint, as well as reconcile their famously high prices with Amazon’s own discount strategy. Earnings are expected to fall strongly on new investment, but revenues are expected to be up 22%. Any indications on Prime membership would be coveted by investors, especially since the company said its recent Prime day was very successful in getting new signups.


FINSUM: It would be great if the company would elucidate its plans, but we expect it to play its cards close to its chest.

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