More retailers in Digital Commerce 360’s Top 1000 list of leading ecommerce retailers in North America reported ecommerce earnings results for the most recent fiscal quarter. Results varied, but Costco reported a quarter of ecommerce growth and plans to continue investing in its online sales. Here’s the ecommerce earnings summary you need to know from this quarter. Read more ecommerce earnings coverage here.

Parentheses indicate the merchant’s ranking in the Top 1000.

Adobe Inc. (vendor to the Top 1000)

Adobe reported revenue grew 12% year over year to $5.05 billion in its fiscal fourth quarter ended Dec. 1. Net income grew 26% to $1.48 billion. Despite the strong quarter, forecasts of $21.3 billion to $21.5 billion in 2024 revenue came in below analyst expectations.

Adobe provides analytics technology to 203 Top 1000 retailers, website design and development tools to 100 and an ecommerce platform to 84. The technology vendor also shared online sales data, finding that Cyber 5 online sales grew 7.8% to $38.0 billion in 2023.

Amazon.com Inc. (No. 1)

Amazon recorded its highest operating income ever in its fiscal third quarter ended Sept. 30. Operating income nearly quadrupled year over year, growing 343%.

Read more about Amazon’s earnings here.

Costco Wholesale Corp. (No. 6)

Costco said net sales grew 6.1% to $56.72 billion in its first fiscal quarter of 2024 ended Nov. 26. Ecommerce comparable sales grew 6.3% in the same period. E-gift cards, snacks and pet items were all strong in the ecommerce channel, the retailer said.

Read more on Costco’s earnings here. 

Scholastic Corp. (No. 95)

Scholastic reported revenue declined 4% in its fiscal second quarter of 2024 ended Nov. 30.

“Second-quarter results came in below expectations for profit growth, however, largely reflecting lower than forecast participation and spending in our School Reading Events division, which we expect to continue for the remainder of this school year,” CEO Peter Warwick said in a statement. The educational retailer pointed to strength in sales of new editions of popular book franchises including “The Harry Potter Wizarding Almanac” and “The Ballad of Songbirds and Snakes.” 

Target Corp. (No. 5)

Third-quarter sales declined 4.9% for the mass merchant, to $25 billion from $26.12 billion in its fiscal third quarter ended Oct. 28. Meanwhile, Target online sales decreased 6% year over year. Moreover, Target’s online sales declined 6.7% year over year for the first nine months.

Read more about Target’s earnings here.

Vera Bradley Retail Stores LLC (No. 277)

Vera Bradley recorded a revenue decline of 5% to $115.0 million in its third fiscal quarter of 2024 ended Oct. 28. Direct revenue through Vera Bradley stores declined due to store closures and weak demand in outlet locations, the retailer said. Sales through specialty and department stores increased year over year. The digitally native Pura Vida segment declined 18.3% to $17.8 million due to a drop in ecommerce sales, partially offset by in-store growth, the retailer said.

Walmart Inc. (No. 2)

Walmart reported that U.S. online sales grew 24% for its fiscal 2024 third quarter ended Oct. 27. Global ecommerce sales grew 15% over the same period, while international ecommerce declined 3%.

U.S. comparable sales grew 4.9%, and total revenue grew 5.2% to $160.8 billion.

Read more about Walmart’s earnings here.

So what does it mean?

• Costco is back to growing its online business and has plans to improve its website user experience, a sign that the membership retailer sees a future in ecommerce.
• While consumers are still spending on groceries, more discretionary items like purses and books are taking a backseat, as evidenced by Vera Bradley and Scholastic results.

Ecommerce earnings calendar

Here’s when to expect other ecommerce earnings this quarter:

• Amazon.com Inc.: Oct. 26
• Best Buy Co Inc.: Nov. 21
• Chewy Inc.: Dec. 6
• Costco Wholesale Corp.: Dec. 14
• The Gap Inc.: Nov. 16
• The Home Depot Inc.: Nov. 14
• Lowe’s Cos Inc.: Nov. 21
• Macy’s Inc.: Nov. 16
• Target Corp.: Nov. 15
• Walmart Inc.: Nov. 16

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