The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. TJX saw net sales decline 4.8% year over year in its fiscal first quarter. In the meantime, it maintained its outlook for the full year, despite tariffs. Ralph Lauren and Urban Outfitters also addressed tariffs in their earnings calls as economic uncertainty lingered.
Parentheses indicate the merchant’s ranking in the Top 2000, unless otherwise noted. The database ranks North America’s largest ecommerce retailers by their annual web sales.
This week’s ecommerce earnings takeaways
- TJX Companies net sales fell 4.8% year over year, though the company maintained its outlook for full-year comparable sales.
- Ralph Lauren net revenue increased of 8.3% year over year as digital sales boosted results across regions.
Advance Auto Parts, Inc. (No. 90)
Q1 2025: Advance Auto Parts, Inc. reaffirmed full-year guidance, recording a net sales decline of 7.4% year over year to $2.6 billion in its fiscal first quarter ended April 19. The company acknowledged that tariffs would continue to have an impact on its planning and pricing as it looks ahead.
“The recently implemented tariffs have created a highly dynamic economic environment,” said Shane O’Kelly, president and CEO at Advance Auto Parts. “Despite this, the team is staying focused on the turnaround and our path ahead. We are reaffirming our annual guidance based on performance to date, expected progress on our strategic initiatives for the balance of the year and our planned mitigation actions for the tariffs currently in effect.”
Ryan Grimsland, the chief financial officer and executive vice president at Advance Auto Parts, said the company made additional purchases ahead of tariffs going into effect. However, he expects price adjustments to occur.
“Our approach to negating tariffs is expected to be measured as we make tariff-related price adjustments,” Grimsland stated in an earnings call with investors.
Alibaba Group Holding Limited
Q4 2025: Alibaba Group Holding Limited recorded a year-over-year revenue increase of 6.6% to $32.6 billion in its fiscal fourth quarter. Revenue at Alibaba’s international B2B ecommerce segment, Alibaba International Digital Commerce Group (AIDC), was up 22% from a year earlier.
Read more on Alibaba’s ecommerce earnings here.
Canada Goose Holdings, Inc. (No. 135)
Q4 2025: Canada Goose Holdings, Inc. said net revenue increased 7.4% year over year to $384.6 million in its fiscal fourth quarter ended March 30. Direct-to-consumer (DTC) revenue grew 15.7% year over year to $314.1 million. In addition, the quarter also included Canada Goose’s first online product launch, its Eyewear collection.
Despite success with DTC revenue, wholesale revenue fell 23.2% year over year. Meanwhile, other revenue was down 14.2% for the period.
“Our strong Q4 results show the kind of impact Canada Goose can make when our brand connects and our strategy hits the mark,” said Dani Reiss, chairman and CEO at Canada Goose. “We saw solid DTC comparable sales growth, fueled by compelling storytelling, sharp retail execution, and the continued momentum around our Snow Goose capsule.”
The Home Depot, Inc. (No. 4)
Q1 2025: The Home Depot, Inc. reported net sales grew 9.4% year over year to $39.8 billion in its fiscal Q1 ended May 4. Billy Bastek, executive vice president of merchandising at The Home Depot, credited the retailer’s Magic Apron generative artificial intelligence (AI) tool as online sales rose 8% over the same period.
Read more on Home Depot’s online sales here.
Lowe’s Companies, Inc. (No. 5)
Q1 2025: Lowe’s Companies, Inc. recorded a net sales decline, down 2.3% year over year to $20.9 billion during its fiscal first quarter ended May 2. Lowe’s online sales still managed to grow 8% year over year from the same quarter in the previous fiscal year.
Read more on Lowe’s online sales here.
Ralph Lauren Corporation (No. 67)
Q4 2025: Ralph Lauren Corporation recorded a net revenue increase of 8.3% year over year to $1.7 billion in its fiscal fourth quarter ended March 29. As revenue benefited, digital sales outpaced overall sales growth regionally. Digital sales increased 8% in North America, 25% in Europe and 27% in Asia from a year earlier.
“As we enter Fiscal 2026, we remain on offense — with a focus on driving our multiple engines of growth across lifestyle categories, geographies, and channels,” said Patrice Louvet, president and chief executive officer at Ralph Lauren. “At the same time, we will stay agile and prudent — leaning into our diversified supply chain, operating discipline, and strong balance sheet as we manage through ongoing macroeconomic uncertainty.”
Target Corporation (No. 5)
Q1 2025: Target Corporation said net sales declined 2.8% year over year to $23.8 billion in its fiscal first quarter ended May 3. Despite the overall drop, Q1 online sales were up 4.7% year over year from a year earlier.
Read more on Target’s online sales here.
TJX Companies, Inc. (No. 59)
Q1 2026: TJX Companies, Inc. reported a net sales increase of 4.8% year over year to $13.1 billion in its fiscal first quarter ended May 3. John Klinger, senior executive vice president and chief financial officer at TJX, said that it was maintaining its comparable sales outlook for the full fiscal year. Nevertheless, he also noted it was not immune to tariff pressure.
“For simplicity purposes, we’re making the assumption that the current level of tariffs on imports into the U.S. from China and other countries will stay in place for the remainder of the year,” Kling explained.
In addition, he noted that current guidance “assumes that we can offset the significant incremental pressures we have seen.” Moreover, he expects to see further pressure from tariffs “on both our direct and indirect imports this year.”
TJX expects to see consolidated comparable sales rise 2% to 3% year over year for its full fiscal 2026.
Urban Outfitters, Inc. (No. 29)
Q1 2026: Urban Outfitters, Inc. recorded a net sales increase of 10.7% year over year to $1.3 billion in its fiscal first quarter ended April 30. Meanwhile, net sales for Urban Outfitters’ retail segment increased 6.4% year over year. The retailer credited those gains to “mid single-digit positive growth in both retail store sales and digital channel sales.”
Francis Conforti, co-president and chief operating officer at Urban Outfitters, addressed tariffs on the company’s earnings call, outlining his team’s current thinking.
“Our current assumptions are based on a 10% global tariff on all items entering U.S. except for items from China, where we are assuming a 30% tariff,” said Conforti.
He credited moves in recent years to make sourcing more flexible. In doing so, he said Urban Outfitters could be more resilient in the face of current trade disputes.
“Over the last several years, the teams have worked hard to diversify our countries of origin as well as dual-source most of our own brand products,” he explained. “This means many of our products are made in two different origins, enabling us to shift production from one country to another if needed. We currently have no single country that accounts for more than 25% of our production.”
Other recent ecommerce earnings results
Amazon.com, Inc. (No. 1)
Q1 2025: Amazon, Inc. reported Q1 sales increased 9% year over year to reach $155.7 billion in its fiscal first quarter ended March 31. Of those sales, $92.9 billion came from North America.
Read more on Amazon’s sales here.
Topgolf Callaway Brands Corp. (No. 497)
Q1 2025: Topgolf Callaway Brands Corp. reported a net revenue decline of 4.5% year over year to $1.09 billion in its fiscal first quarter ended March 31. The company details its plans for the months to come as it prepares for the sale of its Jack Wolfskin brand to ANTA Sports. It expects to close the deal in the late second or early third quarter of its fiscal 2025.
In addition, Oliver Brewer, the president, CEO and director at Topgolf Callaway, updated investors on the state of the company’s preparedness to deal with tariffs.
“As of this call, and assuming current rates of approximately 10% for all countries of origin other than Mexico, Canada and China, this year’s unmitigated impact would be approximately $25 million, an increase of $20 million versus our last call,” Brewer stated. “Looking forward, if these are the final rates, we believe we will be able to mitigate some portion by further optimizing operations and accelerating cost reduction in margin programs.”
Under Armour, Inc. (No. 134)
Q4 2025: Under Armour, Inc. recorded a net revenue decrease of 11.4% year over year to $1.18 billion in its fiscal fourth quarter ended March 31. The drop accompanied a 9.4% decline year over year in revenue for the sportswear brand’s full fiscal year as it pursues an ongoing restructuring plan.
“As we enter year two of this transformation, we’ll move even further beyond the outlet model to build a more dynamic, connected and premium digital platform, applying proven lessons from our success in EMEA to accelerate progress,” said Kevin Plank, president and CEO at Under Armour, on the company’s earnings call with investors.
Under Armour confined its outlook to the first quarter of its 2026 fiscal year. It cited “uncertainty surrounding evolving trade policies and the macroeconomic environment, including potential demand-related and cost impacts from tariffs.”
The retailer expects revenue to continue to decline in that quarter by 4% to 5% from a year earlier.
“It is important to highlight, however, that changes in tariff policy are not expected to significantly impact our first quarter,” noted David Bergman, chief financial officer at Under Armour, on the earnings call.
Walmart, Inc. (No. 2)
Q1 2026: Walmart, Inc.’s total revenue increased 2.5% year over year to $165.6 billion in its fiscal first quarter ended April 30. Online sales became profitable for the retailer in the quarter. Q1 also marked the seventh time in 10 quarters that Walmart online sales grew more than 20% year over year.
Read more on Walmart’s ecommerce earnings here.
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- AutoZone: May 27
- Abercrombie & Fitch: May 28
- Dick’s Sporting Goods: May 28
- Macy’s: May 28
- Salesforce: May 28
- Bath & Body Works: May 29
- Best Buy: May 29
- Foot Locker May 29
- Costco: May 30
- Gap: May 30
- Ulta Beauty: May 30
- American Eagle: May 30
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