Amazon Expects Spring Windfall as US Economy Reopens, Posts Record Profits

Amazon Expects Spring Windfall as US Economy Reopens, Posts Record Profits
A sign is seen on an Amazon Fulfillment Center, in North Las Vegas, Nev., on March 31, 2021. John Locher/AP Photo
Reuters
Updated:

Amazon.com Inc, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees this trend continuing post-pandemic, particularly for groceries.