Amazon took a mysterious $1 billion hit from customer returns and tariff maneuvering

Amazon recorded one-time charges of roughly $1 billion on Thursday due to customer returns and tariff-related maneuvering. During the company's earnings call, CFO Brian Olsavsky addressed the issue and analysts discussed it."During the quarter, we've recorded one-time charges related to some historical customer returns that have not yet been resolved and some costs to receive inventory that was pulled forward into Q1 ahead of anticipated tariffs," Olsavsky said. Without those charges, the operating profit ...