This is also the first time that two Black women are running Fortune 500 businesses: Roz Brewer helms the Walgreens Boots Alliance That was one of three records that women executives made on this year’s Fortune 500 list.
Rounded out the top five - and CVS and its CEO Karen Lynch made Fortune 500 history as the highest-ranked company to be led by a female CEO. Energy demand dropped due to many offices, factories and workplaces closing temporarily, as well as recreational travel and transportation stalling as people stayed home. Read more: Apple reports record earnings and sales for a non-holiday quarterĪnd: Should you buy Alphabet stock now? A total of 98% of analysts consider it a ‘buy’ĭropped seven spots to land at No. 1 as the most profitable company on the list by being valued at well over $1 trillion (and flirting with $2 trillion a couple of times.) And as more people have pivoted to working from home and/or taking classes online, iPad and Macintosh computer sales hit all-time highs Rounded out the Fortune 500’s big three by revenue with $275 billion for the fiscal year, but it ranks No. Related: It’s official: Amazon Prime Day is June 21-22 globally Read more: Amazon’s pandemic profits top previous 3 years of earnings
In fact, Amazon’s latest earnings release revealed that it made more profit between April 2020 and Ma($26.9 billion) than its previous three years combined ($24.7 billion.) The Seattle company earned $21.3 billion in profit on more than $386 billion in annual sales, and revenue grew 38% in 2020. 2 spot on the Fortune 500 list for the second year in a row. The societal shift toward online shopping also naturally gave AmazonĪ boost, helping the online retailer hold onto its No. Related: Walmart may have lost grocery share during COVID, but it’s well positioned to get it backįrom Barron’s: Walmart is a COVID-19 Winner