Amazon Exceeds Expectations in Q1, Boasts Record Delivery Speeds for Prime Members

In the first quarter of 2024, Amazon reported record-breaking delivery speeds for its Prime members. More than 2 billion items were delivered the same or next day, with three out of four items ordered being delivered within the same window in major cities like London, Tokyo, and Toronto. This announcement came as part of the company’s quarterly earnings report that exceeded Wall Street expectations.

Blake Droesch, a senior analyst at Emarketer, praised Amazon’s strong growth in online sales in the first quarter of the year. He noted that Amazon’s commitment to free and fast delivery through Amazon Prime is a key factor in attracting customers to the site, particularly for household items and consumer packaged goods. According to Droesch, “Amazon Prime memberships are incredibly valuable to customers because they not only provide fast delivery but also access to a wide range of other benefits such as streaming services and discounted prices on certain products.”

In addition to improving delivery times, Amazon is also expanding its grocery offerings by providing free delivery on grocery orders over $35 from stores like Whole Foods and Amazon Fresh. This move is part of the ongoing grocery war among retail giants, with other companies like Walmart and Target also offering free shipping on groceries. According to Droesch, “The grocery market is highly competitive right now and companies like Amazon are investing heavily in order to stand out from the competition.”