US' Amazon's net sales reach $149.2 bn, up 9% in Q4 FY22

International segment sales in Q4 FY22 decreased 8 per cent year-over-year to $34.5 billion or increased 5 per cent excluding changes in foreign exchange rates, Amazon said in a press release.

Operating income decreased to $2.7 billion in Q4 FY22, compared with $3.5 billion in Q4 FY21. Net income decreased to $0.3 billion in the fourth quarter, or $0.03 per diluted share, compared with $14.3 billion, or $1.39 per diluted share, in Q4 FY21.

In FY22, net sales increased 9 per cent to $514 billion, compared with $469.8 billion in FY21. Excluding the $15.5 billion unfavourable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 13 per cent compared with FY21.

North America segment sales in FY22 increased 13 per cent YoY to $315.9 billion. Furthermore, international segment sales decreased 8 per cent YoY to $118 billion, or increased 4 per cent excluding changes in foreign exchange rates.

Operating income decreased to $12.2 billion in FY22, compared with $24.9 billion in FY21. Net loss was $2.7 billion in FY22, or $0.27 per diluted share, compared with net income of $33.4 billion, or $3.24 per diluted share, in FY21.

The company’s operating cash flow increased 1 per cent to $46.8 billion in FY22, compared with $46.3 billion for in FY21.

For Q1 FY23, net sales are expected to be between $121 billion and $126 billion, or to grow between 4 per cent and 8 per cent compared with Q1 FY22. This guidance anticipates an unfavourable impact of approximately 210 basis points from foreign exchange rates. Operating income is expected to be up to $4 billion, compared with $3.7 billion in Q1 FY22.

“In the short term, we face an uncertain economy, but we remain quite optimistic about the long-term opportunities for Amazon. The vast majority of total market segment share in global retail still resides in physical stores; and as this equation steadily flips, we believe our leading customer experiences in these areas along with the results of our continued hard work and invention to improve every day, will lead to significant growth in the coming years,” said Andy Jassy, Amazon CEO.

ALCHEMPro News Desk (DP)