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Sales in the Home & Personal Care segment increased 2.3% to $309.3 million, backed by the recovery in hair and garment appliances, which offset the sluggish performance in small kitchen appliances stemming from global supply-chain delays. The adjusted EBITDA margin expanded 55 bps to 10.4%. The downside was mainly due to higher restructuring and transaction-related expenses.Īdjusted EBITDA from continuing operations rose 8.5% to $79.1 million in the fiscal fourth quarter, driven by gains from acquisitions, better productivity and positive price, which somewhat offset drab margins stemming from higher commodity and freight costs. The company reported an operating loss of $4 million against an operating income of $30.5 million reported in the year-ago quarter. As a percentage of sales, SG&A expenses expanded 160 bps to 28.8%. SG&A expenses rose 8.8% to $218.2 million. These were somewhat offset by positive mix and price as well as better productivity related to the Global Productivity Improvement Program. The gross profit increased 1.6% year over year to $258.2 million, while the gross margin contracted 40 basis points (bps) year over year to 34.1% due to elevated freight and raw-material costs. However, recovery from COVID-led disruptions, the favorable currency of $5.1 million and acquisition-related gains of $41.2 million aided the top line to some extent. Excluding the positive impacts of currency and sales from buyouts, organic net sales fell 3.4% due to lesser shipping days and higher sales in the Global Pet Care and Home & Garden segments in the prior-year quarter. Spectrum Brands' net sales grew 2.8% year over year to $747.8 million and beat the Zacks Consensus Estimate of $730 million. The bottom line fell 2.6% from 39 cents in the prior-year quarter due to weak operating income. UPS and USPS handled the other 1.25 billion and 1.1 billion, respectively, according to Bank of America analysts.Image Source: Zacks Investment Research Q4 HighlightsĪdjusted earnings from continuing operations of 38 cents per share lagged the Zacks Consensus Estimate of 53 cents. MWPVL estimates Amazon handled about 5 billion of the 7.35 billion packages it shipped in 2020. and could one day expand that service to the U.S.
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Amazon currently delivers packages for other businesses in the U.K. This has allowed Amazon to deliver most of its own orders. It maintains an ever-increasing network of warehouses and last-mile delivery stations, and a sprawling logistics operation with airplanes, trucks and vans. In recent years, Amazon has quietly built a shipping operation that rivals the likes of UPS, FedEx and the U.S. this year, the analysts wrote, citing figures from MWPVL International, a supply chain and logistics consulting firm. The accelerated adoption of e-commerce has also provided a lift to other areas of Amazon's business.Īmazon is on track to "become one of the largest delivery companies" in the U.S., analysts at Bank of America wrote in research published Tuesday.Īmazon is estimated to deliver 7 billion packages in 2021, surpassing the roughly 6 billion packages UPS is expected to deliver in the U.S. e-commerce market to 39% in 2020, up from 24% in 2014. JPMorgan estimates Amazon expanded its share of the U.S. They also relied on Amazon for services they might not have otherwise considered, such as online grocery delivery.Īmazon's pandemic-fueled sales surge has helped it grow its slice of the e-commerce market. Stuck-at-home consumers turned to Amazon for a plethora of goods ranging from toilet paper to workout gear. The coronavirus pandemic rapidly accelerated the adoption of e-commerce and cemented Amazon's dominance in the retail space. Horvers and Anmuth highlighted a few factors they believe are driving Amazon's top-line growth, including an expansion into "large and under-penetrated categories" such as grocery and apparel, strong growth of third-party seller sales and the "Prime flywheel." Amazon CEO Jeff Bezos said in April the company now has more than 200 million Prime subscribers, up from 150 million at the beginning of 2020. Morgan analysts Christopher Horvers and Doug Anmuth wrote Friday.
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"Based on current estimates, we believe Amazon could surpass Walmart to become the largest U.S. JPMorgan analysts said Amazon's GMV in 2020 climbed 41% year over year to $316 billion, while Walmart's GMV is estimated to have grown 10% year over year to $439 billion in 2020. Neither Amazon nor Walmart break out GMV in their quarterly earnings results, but JPMorgan estimates Amazon's GMV is growing faster than its largest retail competitor.