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Amazon's got some mojo.
Amazon.com Inc (NASDAQ:AMZN) is accelerating its grocery ambitions with a nationwide push to deliver fresh, perishable foods the same day, a move Bank of America analysts see as a long-term growth driver with minimal impact on margins. The company said customers in 1,000 towns and cities can already order fresh groceries, with plans to expand to more than 2,300 US cities by the end of 2025.
AMZN's ad revenues gain 23% in Q2 2025 to $15.69B, fueled by AI, retail media, CTV growth and Prime Video's global ad rollout.
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Shares of tech giant Amazon.com Inc. NASDAQ: AMZN dropped more than 10% in just two sessions to start the month, immediately slipping into a technical correction. The move came after the company's Q2 earnings report, a set of good results but not quite good enough to justify the 45% rally since April.
Amazon is rolling out full-service grocery delivery. The news quickly ricocheted through the market, hitting shares of a range of competitors.
“The reason this announcement is so significant is that Amazon has yet to displace incumbents in the grocery category, at least for perishables,” Wedbush analysts said.
Amazon has begun adding perishable groceries to its Same-Day Delivery service in the United States.
Amazon is now letting shoppers in 1,000 cities across the U.S. order perishable food items through its Same-Day Delivery service, as the e-commerce giant seeks to compete more directly with Instacart and Walmart+ in the growing quick-commerce space. Amazon plans to expand the option to over 2,300 cities by the end of the year.
Amazon is bringing same-day delivery of fresh foods to more pockets of the U.S. The service is launching in more than 1,000 U.S. cities and towns, with plans to expand to at least 2,300 locations by the end of this year.