The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 1000 Database. The Home Depot Inc. (No. 4) saw net sales rise 6.6% for its fiscal third quarter to $40.22 billion, though this was down from $43.2 billion in the previous quarter. Elsewhere, Loblaw Companies (No. 33) saw online sales surge 18.5% in Q3, its highest growth in two and a half years. 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

• The Home Depot reported $40.22 billion in net sales for its fiscal third quarter, a 6.6% increase from the same period last year. Online sales rose 4% year over year.
• Loblaw Companies reported an 18.5% increase in online sales during Q3, marking its strongest growth in two and a half years. Overall revenue for the quarter rose 1.5%, driven by strong performance from its discount banners.

Advance Auto Parts, Inc. (No. 88)

Q3 2024: Advance Auto Parts Inc. reported $2.15 billion in net sales from continuing operations for the quarter ended Oct. 5, 2024. That’s down 3.2% from $2.22 billion in Q3 2023. Comparable store sales, including ecommerce sales, dropped 2.3%, reflecting ongoing economic pressures on consumer spending.

The retailer announced plans to close over 700 U.S. locations — consisting of around 500 corporate-owned and 200 independently operated stores — as part of a turnaround strategy. The company has around 5,000 stores in North America. During the quarter, Advance Auto Parts also closed on its sale of Worldpac, its automotive parts wholesale distribution business, to global investment firm Carlyle for $1.5 billion in cash.

Both professional and DIY customer channels saw sales decline in the low single digits, with professional sales outperforming DIY. To improve the latter, Advance Auto is investing in store upgrades, ecommerce capabilities, and employee training, according to chief financial officer Ryan Grimsland. For fiscal 2024, the company projects $9 billion in net sales, with comparable store sales down 1%.

Alibaba Group Holding Limited

Q2 2025: Alibaba reported revenue of $33.7 billion. That’s a 5% year-over-year increase, and a net income of $6.32 billion.

“Alibaba’s international digital commerce revenue growth remained robust, while cloud revenue, excluding our consolidated subsidiaries, grew steadily, supported by an increasing contribution from AI products,” CEO Eddie Wu shared with analysts. “We’ve enhanced operational efficiency, strengthened monetization capabilities, and improved the performance of our loss-making businesses across segments.”

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 GMV. Tmall ranks No. 2. Both platforms operate in China and primarily serve the Chinese market. Among Alibaba’s other marketplaces is the global B2B marketplace Alibaba.com.

Read more on Alibaba’s ecommerce earnings here.

The Beachbody Company, Inc. (No. 322)

Q3 2024: The Beachbody Company Inc. reported $102.19 million in revenue for its fiscal third quarter ended Sept. 30, 2024. That was a 20.3% decline from $128.25 million in the same period last year.

Digital revenue dropped 16.5% to $53.70 million, while nutrition and other revenue fell 19.6% to $47.42 million.

In October, Beachbody announced plans to lay off nearly 200 employees — roughly one-third of its workforce — and implement a major restructuring aimed at cutting costs by tens of millions of dollars. The company is moving from a multi-level marketing model to a streamlined single-level affiliate program, which it describes as a “simpler” and “modern” omnichannel sales strategy.

“This pivot marks a strategic shift that will fundamentally transform our company and positions us well for long-term profitable growth,” CEO and co-founder Carl Daikeler said in the earnings announcement. “This change of our distribution strategy, combined with the expansion of our direct-to-consumer and partnership channels, represents a pivotal moment that will remove legacy barriers associated with the former MLM structure and allow us to fully capitalize on the significant market opportunity in health, nutrition, and wellness.”

The Home Depot, Inc. (No. 4)

Q3 2024: The Home Depot Inc. reported $40.22 billion in net sales for its fiscal third quarter ended Oct. 27, 2024. That’s up 6.6% from $37.71 billion during the same period in 2023. However, sales declined from $43.2 billion in the previous quarter.

The home improvement retailer saw online sales grow 4% year over year, with nearly half of all online orders fulfilled through stores, said Billy Bastek, executive vice president of merchandising, during the company’s earnings call.

The Home Depot Inc. ranks No. 4 in the Top 1000 Database, Digital Commerce 360’s ranking of the largest online retailers in North America. It’s also the top-ranked retailer in the Top 1000’s Hardware & Home Improvement category. Digital Commerce 360 projects that Home Depot’s web sales in 2024 will reach $23.6 billion. That would be 4.5% growth over its 2023 online sales.

Read more on Home Depot’s ecommerce earnings here.

Loblaw Companies Limited (No. 33)

Q3 2024: Loblaw Companies Ltd., Canada’s largest food and drug retailer, posted fiscal third-quarter revenue of 18.54 billion Canadian dollars ($13.28 billion). That’s up 1.5% from CA$18.27 billion a year ago.

Online sales surged 18.5% in Q3 — the retailer’s highest growth in over two years — driven by strong performance in both food and pharmacy.

“We remain pleased with our online sales penetration in both food and pharmacy,” chief financial officer Richard Dufresne said during the earnings call.

Pharmacy chain Shoppers Drug Mart led the quarter’s growth, with same-store pharmacy sales increasing 2.9%, while food retail saw slower gains, up 0.5% compared to a 4.5% increase last year. Loblaw’s discount banners, including No Frills and Maxi, outperformed conventional stores, reflecting consumer demand for value, Dufresne said.

The company also ramped up its store expansion efforts, opening 25 discount locations and piloting two ultra-discount No Name stores. An additional 20 No Frills and Maxi locations are planned for Q4, Dufresne said.

Lulu’s Fashion Lounge Holding Inc. (No. 238)

Q3 2024: Lulu’s Fashion Lounge Holdings Inc. reported $80.52 million in net revenue for its fiscal third quarter ended Sept. 29, 2024. That’s a 3% decrease from $83.12 million in the same quarter last year. The decline was attributed to a 3% drop in total orders and a 2% decrease in average order value, which fell from $133 to $131. Lower return rates partially offset these declines.

Active customers totaled 2.7 million, a 10% year-over-year decrease from 3.0 million, and flat compared to the previous quarter.

“Third quarter net revenue came in ahead of our outlook, driven by record growth in special occasion and bridesmaid dress categories, boosting overall dress sales and reinforcing our strength in event apparel,” Crystal Landsem, CEO of Lulu’s, said in a statement. “This gain was offset by continued softness in our casual wear business, which we are strategically reevaluating to better align with our core focus on event attire.”

During Q3, Lulu’s wholesale segment showed significant growth, with revenue up 28% year over year. A new partnership with Dillard’s launched Lulu’s event collections in over 30 stores nationwide in September.

The company has also invested in technology to enhance customer engagement. President and chief information officer Mark Vos pointed to an increase in app users and higher conversion rates, supported by updates like product videos on its website, a Tapped sub-site for improved discovery, and expanded diversity in product imagery.

For Q4 2024, Lulu’s expects net revenue between $67.5 million and $70.0 million. That would be down from $75 million a year ago. Full-year projections estimate $317.5 million to $320 million, compared to $355.2 million in 2023.

Sally Beauty Holdings, Inc. (No. 347)

Q4 2024: Sally Beauty Holdings Inc. posted $935.03 million in consolidated net sales for its fiscal fourth quarter ended Sept. 30, 2024, a 1.5% increase from $921.36 million in the same quarter last year.

Global ecommerce sales contributed $91 million, representing 9.8% of total net sales for Sally Beauty. Consolidated gross profit for the quarter rose 2.7% to $479.2 million. That’s up from $466.6 million a year earlier.

For the full fiscal year 2024, Sally Beauty reported $3.72 billion in consolidated net sales, down slightly from $3.73 billion in 2023. Global ecommerce revenue totaled $364 million, maintaining a 9.8% share of overall sales.

“We are pleased to conclude our fiscal year with strong fourth-quarter results, reflecting continued momentum across both our Sally Beauty and Beauty Systems Group segments,” said Denise Paulonis, president and CEO, in a statement. “We delivered a second consecutive quarter of positive comparable sales across both business units in combination with healthy gross margins, which resulted in adjusted operating margin expansion of 80 basis points to 9.4%.”

Sonos, Inc. (No. 220)

Q4 2024: Sonos Inc. reported $255.38 million in revenue for its fiscal Q4 ended Sept. 28, 2024, down from $305.15 million a year ago. The company posted a net loss of $53.09 million, widening from $31.24 million in Q4 2023.

Full-year revenue totaled $1.52 billion, a decline from $1.66 billion in fiscal 2023.

A buggy app update earlier in the year disrupted speaker connectivity for many customers, prompting Sonos to delay product launches and lower its annual forecast. Despite the setbacks, Sonos released its first-ever headphones, the Sonos Ace, on June 5. The company focused heavily on app recovery efforts and, by October, was able to resume its launch schedule, rolling out the Arc Ultra soundbar and Sub 4 subwoofer in time for the holiday season, CEO Patrick Spence said in a statement.

“Initial feedback on our new products has been very positive, which, along with the introduction of Ace earlier this year, makes our product lineup the strongest it’s ever been,” Spence said.

Topgolf Callaway Brands Corp. (No. 527)

Q3 2024: Topgolf Callaway Brands Corp. reported $1.01 billion in net revenue for its fiscal third quarter ended Sept. 30, 2024, a 2.7% decline from the same period last year. The drop was primarily driven by an 11.1% decrease in revenue from the Active Lifestyle segment, partially offset by 1.2% growth in the Topgolf division.

Direct-to-consumer sales made up 40% of the company’s total business during the quarter, according to its earnings update.

Topgolf Callaway falls under the Specialty category in the Top 1000. Digital Commerce 360 projects that Topgolf Callaway’s total web sales will reach $146.00 million in 2024.

Read more on Topgolf Callaway Brands’ earnings here.

The Walt Disney Company (No. 92)

Q4 2024: The Walt Disney Company reported $22.57 billion in revenue for its fiscal Q4 ended Sept. 28, 2024, a 6% increase from $21.24 billion in the same quarter last year. Full-year revenue rose 3% to $91.36 billion, while annual income climbed 59% to $7.57 billion.

“This was a pivotal and successful year for The Walt Disney Company, and thanks to the significant progress we’ve made, we have emerged from a period of considerable challenges and disruption well positioned for growth and optimistic about our future,” CEO Bob Iger said in a statement.

Entertainment revenue led growth in Q4, increasing 14% to $10.83 billion. Direct-to-consumer (DTC) revenue reached $5.8 billion, with streaming operations generating $321 million in operating income. Disney+ added 4.4 million core subscribers, bringing its total to over 120 million.

“In Q4 we saw one of the best quarters in the history of our film studio, improved profitability in our streaming businesses, a record-breaking 60 Emmy Awards for the company, the continued power of live sports, and the unveiling of an impressive collection of new projects coming to our Experiences segment,” Iger said.

Other recent ecommerce earnings results

Amazon.com, Inc. (No. 1)

Q3 2024: Amazon.com, Inc. reported an 11% increase in net sales, reaching $158.9 billion for its fiscal third quarter ended Sept. 30. That’s up from $143.1 billion in Q3 2023. Operating income grew year over year to $17.4 billion from $11.2 billion. Meanwhile, net income increased to $15.3 billion, compared to $9.9 billion in Q3 2023.

During the Q3 earnings call, CEO Andy Jassy said Amazon’s Stores business saw a 9% year-over-year sales increase in North America. Sales were also up 12% internationally.

“At a time when consumers are being careful about how much they spend, we’re continuing to lower prices and ship even more quickly, and we can see this resonating with customers as our unit growth continues to be strong and outpace even our revenue growth,” Jassy said.

On the technology front, Amazon introduced AI-driven features to help improve both customer and seller experiences. This included the expansion of Rufus, its generative AI shopping assistant, to international markets such as Canada and the U.K. The company also launched AI Shopping Guides to simplify product research by merging category insights with its catalog. For sellers, it unveiled Project Amelia, offering tailored business insights to boost productivity.

Ahead of the holiday season, Amazon plans to hire 250,000 U.S. employees. CEO Andy Jassy highlighted major upcoming initiatives. Those included “tens of millions of deals,” an NFL Black Friday game, and more than 100 new cloud and AI features.

Read more on Amazon’s ecommerce earnings here.

Bark, Inc. (No. 204)

Q2 2025: Bark, Inc. said total revenue increased 2.5% year over year to $126.1 million in its second fiscal quarter ended Sept. 30. While the dog-focused merchant’s direct-to-consumer revenue dropped 1.6% year over year to $102.6 million, its commerce segment’s revenue, which includes sales through Chewy, Costco and Target, was up 25.6% over the same period, reaching $23.5 million. The results shrank Bark’s overall loss for the quarter to $5.3 million, an improvement of 49.1% year over year.

“We delivered our ninth consecutive quarter of year-over-year Adjusted EBITDA growth last quarter, driven in part by a 26% increase in our commerce segment revenue, compared to last year,” said Matt Meeker, CEO of Bark. “As I emphasized on our last earnings call, our focus on strengthening our talent and improving our profitability profile has enabled us to channel our energy into driving sustainable, long-term top-line growth.”

CVS Health Corp. (No. 98)

Q3 2024: CVS Health Corp. recorded a 6.3% increase in revenue year over year to $95.4 billion in its fiscal third quarter that ended Sept. 30. The company named Steve Nelson, the former CEO of UnitedHealthcare, as the new president of Aetna, the health insurance unit that has been hit with rising costs.

“Our integrated model accelerates our ability to uniquely do what is most important to today’s health care consumers: deliver lower cost of care, a simpler experience and better outcomes,” stated David Joyner, president and CEO of CVS Health. “Our third quarter results reflect strong performance in the Health Services and Pharmacy & Consumer Wellness segments, and also highlight the continued need to work across our enterprise and address macro challenges to the Health Care Benefits segment.”

e.l.f. Beauty (No. 683)

Q2 2025: E.l.f. Beauty reported a 39.7% increase in net sales year over year to $301.1 million during its fiscal second quarter.  The company credited success with its color cosmetics, skin care and international business.

“Q2 marked another quarter of consistent, category-leading growth. In Q2, we delivered 40% net sales growth, fueled by 195 basis points of market share gains in the U.S. and 91% net sales growth internationally,” said Tarang Amin, chairman and chief executive officer at e.l.f. Beauty, in the company’s earnings announcement. “This was our 23rd consecutive quarter of both net sales growth and market share gains.”

The ODP Corporation (No. 21)

Q3 2024: The ODP Corporation, which operates Office Depot, saw net sales fall 11.3% year over year to $1.8 billion in its fiscal third quarter that ended Sept. 28. Among other factors, the office supplies retailer blamed lower sales at Office Depot, which had 53 fewer operational locations compared to a year earlier. In addition, it mentioned struggling sales at ODP Business Solutions, and disruptions from the 2024 hurricane season.

“Our results in the quarter were below expectations, primarily driven by our retail division, as challenging macroeconomic conditions impacted our performance,” said Gerry Smith, chief executive officer of The ODP Corporation. “Weaker macroeconomic conditions led to more cautious consumer and business spending, impacting demand in our B2C and B2B divisions during the highly competitive back-to-school season.”

ODP’s capital expenditures during its third quarter reached $22 million. That’s up from $20 million a year ago. The company said that was driven by investments in digital transformation, distribution network and ecommerce capabilities.

Ralph Lauren Corporation (No. 69)

Q2 2025: Ralph Lauren Corporation reported a 5.7% year-over-year increase in net revenue of $1.7 billion in its fiscal second quarter ended Sept. 28. The apparel retailer’s ecommerce revenue was down 2% in North America from a year ago, even as overall sales in the region were up 6%. Meanwhile, digital commerce revenue grew 14% year over year in Europe and 19% in Asia.

“Our teams are executing well on our long-term strategy, injecting energy and excitement behind our storied brand through what continues to be a choppy global operating environment,” said Patrice Louvet, president and chief executive officer at Ralph Lauren. “Our strong business performance across every geography this quarter underscores the resilience of our diversified growth drivers and our elevated consumer base, giving us confidence to take up our financial outlook for the full fiscal year ahead of the all-important holiday season.”

Revolve Group (No. 87)

Q3 2024: Revolve Group recorded a 9.9% year-over-year increase in net sales of $283.1 million for its fiscal third quarter ended Sept. 30. The company cited reduced costs of $47.9 million (compared to $48.9 million a year earlier) as evidence of improved efficiency. Contributing factors included lower shipping rates, a lower share of purchases being returned and increased average order value.

“Our strong quarter is a result of our execution on key growth and efficiency initiatives, which have helped us continue our net sales momentum into the first month of the fourth quarter of 2024,” said Michael Mente, Revolve’s co-founder and co-CEO. “We achieved these strong financial results while continuing to invest in initiatives that we believe set us up well for market share gains over the long-term, including international expansion, leveraging AI technology for merchandising and marketing enhancements, expansion into physical retail, and broadening our owned brand capabilities.”

Target Corp. (No. 5)

Q2 2024: Target reported that total sales increased 2.6% year over year to reach $25 billion in its second fiscal quarter of 2024 ended Aug. 3. Digital sales alone grew 8.7% during the same period.

Read more on Target’s ecommerce earnings results here.

Under Armour, Inc. (No. 99)

Q3 2024: Under Armour, Inc. reported that net revenue fell 10.7% year over year to $1.4 billion in its fiscal third quarter that ended Sept. 30. The results included an 8% drop in direct-to-consumer revenue of $550 million and a 12% decline in wholesale revenue of $826 million.

In addition, the apparel brand noted that its gross margin increased by 200 basis points to 49.8%. It said that was primarily due to lower product and freight costs, reduced discounting levels in the direct-to-consumer business and a favorable channel mix.

“We are a fundamentally stronger business today with increasingly better execution across key dimensions,” said Kevin Plank, president and CEO at Under Armour. “This includes more consistent marketplace discipline through meaningfully improved product, storytelling, and sales leadership, which will deliver a sharper, unique approach to our brand position in the years ahead.”

Walmart Inc. (No. 2)

Q2 2025: Walmart recorded a 4.8% increase in consolidated revenue year over year. It brought in $169.34 billion for its fiscal second quarter of 2025 ended July 31.

Read more on Walmart’s ecommerce earnings here.

Ecommerce earnings calendar

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

• Walmart Inc.: Nov. 19
• Williams Sonoma, Inc.: Nov. 21

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