Amazon (NASDAQ: AMZN) recorded quarterly sales of approximately $100 billion (£77.4 billion).
In the three months leading up to the end of September, net sales increased 37%, with net profit rising from $2.1 billion to $6.3 billion.
“We’re looking forward to seeing you in a state of mind,” said Jeff Bezos, founder and CEO of Amazon in a statement. Best Buy and Target are stepping up, and we hope other large employers will jump to $15 too. It’s going to be a great time now. ”
The company “provides industry-leading salaries and excellent healthcare jobs, including entry-level and frontline employees, making it even more meaningful in these times, and we are proud to have created more than 400,000 jobs this year alone.”
Amazon said, “We are seeing customers shop earlier than ever for holiday gifts that have never been more common. This is just one sign that this is an unprecedented holiday season. We thank our employees.”
Since the beginning of this year, the group has created 400,000 jobs. Earlier this week, the online retailer said it would create 100,000 seasonal jobs for the current workforce.
Amazon forecasts fourth quarter revenues between $112 billion and $121 billion, but warned that Covid-related costs could reach profits.
“Total of this, we had over $7.5 billion in compensation costs incurred in the first three quarters of 2020. We expect to generate around $400 million in the fourth quarter.”
