Amazon under pressure from fulfillment costs

Amazon.com Inc.'s AMZN, -2.54% terms people was chopped to $4,200 from $4,700 astatine Credit Suisse arsenic fulfillment and shipping costs rise. Amazon has announced plans for 150,000 seasonal hires successful summation to much than 150,000 different hires it has announced. "We presume that from a lawsuit work position Amazon volition expedite delivery/bear the incremental shipping cost," analysts wrote. "As we further expect planetary logistics headwinds bash not abate until mid-22, our EBIT estimates for 2H21/22 alteration accordingly and bespeak a script successful which Amazon has spent astir $53 cardinal successful CapEx and further taken connected incremental expenses without showing imaginable wallet stock gains done greater work levels successful the signifier of faster deliveries crossed a wider array of SKUs [stock-keeping units]." Credit Suisse rates Amazon banal outperform. Amazon is scheduled to study third-quarter net connected Oct. 28. Amazon banal is up 2.9% for 2021 truthful acold portion the S&P 500 scale SPX, -0.11% has gained 20.9% for the period.