The optimistic commentary is a stark difference from warnings issued earlier in the week by Walmart and Best Buy.
Amazon gave an optimistic view of the months ahead. For the current quarter, Amazon said it expects sales to come in between $125 billion and $130 billion, representing growth of 13% to 17%. Analysts forecast sales of $126.4 billion, according to Refinitiv. That, along with revenue that beat expectations, sent the stock up more than 13% after hours.
"I think Walmart at this moment in time has a much, much tighter spread and is going to be more susceptible to these impacts of inflation," Lipsman said in an interview.
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