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.

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.

The Lovesac Company (N0. 366)

Lovesac’s sales for its fourth quarter ended Feb. 4 increased 5% year over year to $250.5 million. That was short of analysts’ expectations as omnichannel sales — including sales at physical stores and online — fell 4.1% year over year. Online sales broken out on their own increased by 2.2% over the same period, the company said.

Rent the Runway (N0. 293)

Rent the Runway reported $75.8 million in revenue for its fourth quarter ended Jan. 3. The result marked a 0.5% increase from $75.4 million one year earlier. The company touted increasingly positive customer feedback seen in its net promoter score and customer loyalty rate as it looks ahead to improve results in its new fiscal year.

Read more on Rent the Runway’s earnings here.

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?

• Lovesac’s low growth online did not compensate for an in-store sales dip, so the company is looking ahead, positioning itself for a furniture-category rebound.
• Rent the Runway’s revenue was flat year over year in its fourth quarter, as it recorded a smaller loss for its 2023 fiscal year than it did for 2022.

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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