Online Grocery Helped Fuel Amazon's 40% Jump in Sales During 'Unusual' Q2

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On the heels of CEO Jeff Bezos’ first congressional testimony, ecommerce giant Amazon announced its Q2 2020 results with net sales up 40% year over year to $88.9 billion and net income up $5.2 billion.

In prepared statements and commentary during an earnings call today, both Bezos and CFO Brian Olsavsky called Q2 an unusual quarter in which many more consumers turned to ecommerce.

“We began to see a significant increase in customer demand beginning in early March, and demand remained elevated throughout Q2,” Olsavsky said.

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