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US' Amazon forecasts net sales of $138-$143 bn for Q3 FY23

07 Aug '23
1 min read
Pic: Sundry Photography / Shutterstock.com
Pic: Sundry Photography / Shutterstock.com

Insights

  • American multinational company Amazon forecasts net sales of $138-$143 billion in Q3 FY23, marking a potential growth of 9-13 per cent YoY, boosted by 120 basis points from forex.
  • Operating income is projected at $5.5-$8.5 billion, a significant rise from FY22's $2.5 billion.
  • The guidance excludes potential acquisitions, restructurings, or legal settlements.
American multinational company Amazon has forecast its net sales to range between $138 billion and $143 billion for the third quarter of fiscal 2023 (Q3 FY23), marking a potential growth of 9 per cent to 13 per cent compared to the same quarter in 2022. This projection includes an expected favourable impact of around 120 basis points from foreign exchange rates.

Moreover, Amazon predicts a significant leap in operating income, forecasting it to be anywhere between $5.5 billion and $8.5 billion. To put this in perspective, the operating income for the third quarter of FY22 was reported at $2.5 billion, the company said in a press release.

The company has clarified that these projections are made under certain assumptions, including the exclusion of any potential business acquisitions, restructurings, or legal settlements during the period.

ALCHEMPro News Desk (DP)
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