SEATTLE, WA - We always keep our eyes on Amazon’s quarterly results to see if any nuggets of insight appear about the company’s grocery plans. Amazon dropped its Q1 2024 financial report earlier this week, in which it outlines impressive growth across its operations. Although Amazon continues to gain in net sales and operating income, most of this growth appears to come from its e-commerce platform.

“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” said Andy Jassy, President and Chief Executive Officer. “[…] It’s very early days in all of our businesses and we remain excited by how much more we can make customers’ lives better and easier moving forward.”

Within the highlights provided by Amazon, the retailer included one mention of grocery, in which it noted that it launched a grocery subscription for unlimited delivery on orders over $35 from Whole Foods Market, Amazon Fresh, as well as local grocery and specialty retailers.

Additional highlights from the release include:

• Net sales increased 13 percent to $143.3 billion in the first quarter
• Operating income increased to $15.3 billion in the first quarter
• Net income increased to $10.4 billion in the first quarter

To read the release in its entirety, click here.

As Amazon continues to strategize its grocery game, we’ll keep an eye on how its overarching business operates.