Amazon's online grocery sales tripled as people stayed home amid the coronavirus pandemic - Business Insider

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Amazon's online grocery sales tripled as people stayed home amid the coronavirus pandemic

Online grocery sales tripled year over year in the company's second quarter.The spike in online grocery shopping is largely driven by Prime subscribers who are ordering more products from the online retailer.Amazon' online grocery sales tripled in the second quarter as a result of stay-at-home orders and COVID-19 fears.on Thursday, company executives explained that Amazon has seen a surge in online grocery sales compared to the previous year.

Amazon Chief Financial Officer Brian Olsavsky spoke to analysts at the top of the call, describing how "Prime members shop more often with larger basket size" since the springtime. He said that Prime subscribers are driving much of the "super high" grocery demand.

 

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