New earnings results are out from retailers in Digital Commerce 360’s Top 1000 database. The week saw prominent footwear brands Steven Madden Ltd. and Adidas AG both report. At Steve Madden, net sales grew 17.8% as the company reduced the size of its loss in the quarter from a year ago. Elsewhere, Adidas reported positive signs in apparel, saying its revenue was up 9% from the same quarter a year ago. Read more ecommerce earnings coverage here.

Parentheses indicate the merchant’s ranking in the Top 1000, unless otherwise stated. The database ranks North America’s largest ecommerce retailers by their annual web sales.

This week’s ecommerce earnings takeaways

• Adidas said growth of its wholesale business outpaced its direct-to-consumer (DTC) sales, with overall revenue up 9% year over year.
• Steve Madden net sales increased 17.8%, helping reduce the company’s net loss to $42.6 million from $73.5 million in the year-ago period.

Adidas AG (No. 20 in Europe Database)

Q2 2024 earnings: Adidas reported preliminary results for its second quarter ended June 30. Revenue grew 9% year over year to 5.8 billion euros. The sportswear brand’s wholesale business grew 17% in the quarter from the same period a year ago, with direct-to-consumer (DTC) revenue up 4%.

“Q2 was another quarter confirming that we are improving and on the way of again becoming a good and healthy company,” Adidas CEO Bjørn Gulden stated. “The consumers are reacting positively to both our marketing and to our product launches. We see improved sentiment for the Adidas brand globally and we continue to see improved sell-out numbers, both for lifestyle and performance products.”

Amazon.com Inc. (No. 1)

Q2 2024 earnings: Amazon net sales increased 10% year over year to $148.0 billion during its second fiscal quarter, which ended June 30.

It ranks No. 1 in the Top 1000, Digital Commerce 360’s ranking of the largest North American online retailers. Amazon is also No. 3 in Digital Commerce 360’s Global Online Marketplaces Database, which ranks the 100 largest such marketplaces by third-party gross merchandise value (GMV).

Read more on Amazon’s earnings results here.

Beyond Inc. (No. 62)

Q2 2024 earnings: Beyond reported that net revenue was down 5.7% year over year to $521.7 million in its second fiscal quarter, which ended June 30.

Read more on Beyond’s earnings results here.

Carvana Co.

Q2 2024 earnings: Carvana Co. shared that revenue for its second fiscal quarter ended June 30 was up 14.9% year over year, reaching $3.41 billion. The auto sales platform also recorded net income of $48 million, up from a $105 million loss one year ago.

“For the second consecutive quarter, we generated positive net income and we set new company records for adjusted EBITDA, adjusted EBITDA margin and GAAP operating income,” said Mark Jenkins, chief financial officer at Carvana, during its earnings call. “For the first time, quarterly adjusted EBITDA margin approached the midpoint of our long-term financial model EBITDA margin range of 8% to 13.5%, and we see meaningful opportunities for fundamental gains to drive towards the higher end of that range over time.”

Procter & Gamble Company (No. 511)

Q4 and FY 2024 earnings: Procter & Gamble announced that net sales for its fiscal year ended June 30 were up 2.0% year over year, reaching $84.0 billion. Meanwhile, net sales for its fourth quarter were flat from the same quarter a year earlier at $20.5 billion.

“Ecommerce sales increased 9%, now representing 18% of the total company,” said Andre Schulten, chief financial officer at P&G, during its quarterly earnings call.

Schulten noted that organic sales increased across eight of P&G’s 10 business units, with skin and personal care and baby care down by low single-digit percentages.

Steven Madden Ltd. (No. 241)

Q2 2024 earnings: Steven Madden said net sales grew 17.8% from the same period last year to $398 million in its second fiscal quarter, which ended June 29. However, the company’s loss of $42.6 million for the quarter was smaller than its $73.5 million loss one year ago.

“We delivered strong results in the second quarter, with revenue increasing 18% and adjusted diluted EPS rising 23% compared to the same period in 2023,” said Edward Rosenfeld, chairman and chief executive officer at Steven Madden. “This performance was driven by exceptional growth in the accessories and apparel categories and robust gains in international markets and direct-to-consumer channels, demonstrating our team’s strong execution of our key strategic initiatives.”

Though Rosenfeld referred to the “near-term operating environment” as “choppy,” he said the company remains “confident that our core strengths – our brands, business model and people – will enable us to drive sustainable revenue and earnings growth over the long term.”

During the footwear brand’s earnings call on July 31, Rosenfeld called “expanding our direct-to-consumer business” one of the key drivers for Steve Madden’s business, with digital leading the way.

“DTC revenue grew 6% in the second quarter, including a 4% increase on a comp basis, and we remain on track to achieve our plan of high single-digit growth in DTC for the year,” Rosenfeld stated.

Other recent ecommerce earnings results

Albertsons (No. 24)

Q1 2024 earnings: Albertsons reported near-flat net sales growth year over year to $22.4 billion in its fiscal first quarter, which ended June 15. Meanwhile, digital sales rose 23% during the same period.

Read more on Albertsons’ earnings here.

Alibaba Group Holding Limited

Q4 2024: Alibaba said it grew revenue 7% year over year in its fiscal fourth quarter ended March 31, 2024. Meanwhile, net income decreased 96% compared to the prior Q4.

Alibaba owns the world’s two largest online marketplaces by gross merchandise value (GMV), Taobao and Tmall. Taobao ranks No. 1 in the Global Online Marketplaces Database, Digital Commerce 360’s ranking of the largest such marketplaces by third-party GMV. Tmall ranks No. 2. Both operate in China.

Read more on Alibaba’s earnings here.

Deckers Brands (No. 51)

Q1 2025 earnings: Deckers Brands said net sales increased 22.1% to $825.3 million in its fiscal first quarter, which ended June 30. Meanwhile, digital sales rose 23% year over year during the same period for the company, which owns the Hoka, Ugg and Teva footwear brands.

“From a regional standpoint, DTC growth was robust across international regions and within the U.S., which increased 31% and 21%, respectively,” said Stefano Caroti, chief commercial officer and incoming president and chief executive officer at Decker Brands, during the company’s earnings call. “Among international regions, growth was most meaningful in China and EMEA as both drove strong increases online and benefited from successful recent retail store openings.”

Read more on Deckers Brands earnings here.

The Home Depot Inc. (No. 4)

Q1 2024: Home Depot reported that sales declined 2.3% in its fiscal first quarter of 2024 ended April 28 due to challenges in the broader economy. B2B and Pro sales were equally impacted, while online sales grew.

Target Corp. (No. 5)

Q 1 2024: Target reported that total revenue declined 3.1%. That’s down to $24.5 billion in the first quarter of its fiscal 2024 ended May 4. However, online sales did increase slightly. Declines in discretionary categories were partially offset by continuing growth in the beauty category.

Read more on Target’s earnings results here.

Tractor Supply Co. (No. 93)

Q2 2024: Tractor Supply Co. announced that its net sales increased 1.5% to $4.25 billion during its fiscal second quarter ended June 29, 2024. The company attributed the growth to new store openings, which it said helped as comparable store sales declined 0.5% year over year.

“We are pleased with our second quarter EPS results that were in line with our outlook,” said Hal Lawton, president and chief executive officer at Tractor Supply. “My sincere appreciation goes out to our more than 50,000 Team Members for living our Mission and Values every day as we focus on taking care of our customers and each other.”

Read more on Tractor Supply earnings here.

Walmart Inc. (No. 2)

Q1 2025: Walmart grew U.S. online sales 22% for its fiscal 2025 first quarter ended April 30, 2024. Consolidated revenue grew 6.0% to $161.5 billion in Q1.

Read more on Walmart’s earnings here.

Ecommerce earnings calendar

Here’s when other ecommerce earnings are scheduled to report this quarter:

• Hims & Hers: Aug. 5
• Purple: Aug. 5
• Office Depot: Aug. 7
• Allbirds: Aug. 7
• iRobot Corp.: Aug. 7
• The Walt Disney Company Ltd.: Aug. 7

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