CNBC should be taken off the air for this outrageous pumping of a scam.
And a scam it is.
Here’s from the Amazon Q, off their own page:
Date Sales COGS Sales/Cog % Fulfillment Net % Profit 2016/Q2 21116 19180 10.09% 3878 -1942 -9.20% 2016/Q3 22339 21260 5.08% 4335 -3256 -14.58% 2016/Q4 30629 28958 5.77% 5719 -4048 -13.22% 2017/Q1 23734 22440 5.77% 4697 -3403 -14.34% 2017/Q2 24745 23451 5.52% 5158 -3864 -15.62% 2017/Q3 28768 27549 4.42% 6420 -5201 -18.08% Sales (of goods) in gross, cost of said goods, mark-up over cost, fulfillment expense, net (Sales – COGS – Fulfillment) and finally, profit on sales of goods ignoring SG&A and Marketing, which of course are real costs (in other words, this is better than “operating earnings” as it excludes the cost of labor and other day-to-day expenses normally in SG&A!)
Note that their margin on product sales (sales minus fulfillment and cost of products) for products has gone from a negative 9.2% margin to a negative 18.08 percent margin!
This post was published at Market-Ticker on 2017-10-27.
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