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. Retailers across apparel and sports reported challenges as consumers remained picky about discretionary spending. 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.
Amazon.com Inc. (No. 1)
Amazon beat expectations with earnings for its fiscal fourth quarter ended Dec. 31, 2023. Its net sales in the quarter grew 14% year over year to $170.0 billion.
Full-year sales grew 12% to $574.8 billion in 2023, up from $514.0 billion in 2022. Read more about Amazon’s earnings here.
Chewy Inc. (No. 12)
Chewy, Inc. reported that net sales grew in its Q4 and fiscal 2023 ended Jan. 28, 2024, even as pet adoptions declined.
Read more on Chewy earnings here.
Costco Wholesale Corp. (No. 6)
Costco said net sales grew 5.7% to $57.33 billion in its second fiscal quarter of 2024 ended Feb. 18. Ecommerce comparable sales grew 18.4% in the same period.
Read more on Costco ecommerce sales here.
Levi Strauss & Co. (No. 162)
Levi’s reported that online sales grew 12% in its fiscal first quarter ended Feb. 25. However, overall revenue declined 8%, leading to a net loss of $11 million.
Read more on Levi’s earnings here.
Home Depot (No. 4)
Home Depot reported that online sales increased about 2% year over year in its fiscal fourth quarter ended Jan. 28. Meanwhile, total Q4 sales decreased 2.9% year over year to $34.8 billion.
Read more about Home Depot’s earnings here.
Sportsman’s Warehouse Holdings, Inc. (No.346)
Sportsman’s Warehouse reported that net sales declined 2.3% to $370.4 million in its fiscal fourth quarter ended Feb. 3. Meanwhile, same-store sales declined 12.8% in the same period.
“Our net sales remain pressured from a challenging macroeconomic environment and persistently high inflation weighing on our consumer discretionary spending through the holiday season,” chief financial officer Jeff White told investors.
Target Corp. (No. 5)
Target revenue grew 1.7% to $31.92 billion in its fiscal fourth quarter ended Feb. 3. Online sales declined 0.7%.
Read more on Target’s earnings here.
Walmart (No. 2)
Walmart said U.S. online sales grew 17% for its fiscal 2024 fourth quarter ended Jan. 31. Its global ecommerce sales grew 23% over the same period, while international ecommerce increased 44%.
Read more about Walmart’s earnings here.
So what does it mean?
- Levi’s is facing challenges from declining sales and resulting layoffs, but online sales are a bright spot for growth.
- Consumers across the board remain interested in promotions as they try to stretch their discretionary income, as noted by Sportsman’s Warehouse.
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- Amazon.com Inc.: Feb. 1
- Best Buy Co Inc.: Feb. 29
- Costco Wholesale Corp.: March 7
- The Home Depot Inc.: Feb. 20
- Lowe’s Cos Inc.: Feb. 27
- Target Corp.: March 5
- Walmart Inc.: Feb. 20
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