Amazon said Q1 net sales are expected to be between $151.0B and $155.5B, or to grow between 5% and 9% compared with first quarter 2024. “This guidance anticipates an unusually large, unfavorable impact of approximately $2.1B, or 150 basis points, from foreign exchange rates. Also, as a reminder, in first quarter 2024 the impact from Leap Year added approximately $1.5 billion in net sales,” the company stated. Operating income is expected to be between $14.0B and $18.0B, compared with $15.3 Bin first quarter 2024. “This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded,” the company added.
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