Amazon Has Already Had a Big Impact on Whole Foods
Whole Foods released its annual report last week. It will likely be the last glimpse we get at Whole Foods' financials now that Amazon (NASDAQ: AMZN) has bought the grocery chain.
Amazon disclosed its physical stores' revenue last quarter, but didn't provide any more details. The Whole Foods report provides additional information on how investors can expect Amazon to affect Whole Foods' operations going forward. Even after owning the business for about one month in the third quarter, Amazon is already having quite an impact on Whole Foods' business.
Image source: Whole Foods.
Source: Fool.com
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