Amazon is accelerating the expansion of its physical grocery retail footprint in the U.S., even as it faces unprecedented inflationary pressures that are hurting its profits and operating expenses.

In its first-quarter earnings report on April 28, the company said that revenue for the period ended March 31 rose 7% to $116.4 billion, compared to $108.5 billion for the year first quarter of 2021. Excluding an unfavorable $1.8 billion year-over-year effect of changes in foreign exchange rates throughout the quarter, net sales increased 9% compared to the first quarter of 2021.

While online sales fell 3% year over year to $51.1 billion, in-store sales, which include revenue from Whole Foods Market and Amazon Go stores, rose 17% to 4 $.6 billion. That number marks the fourth consecutive quarter of double-digit sales increases at the company’s physical stores.

In March, Amazon announced it was closing its non-food retail formats to focus on groceries, and that’s exactly what the company…



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