The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. Macy’s net sales fell 5.1% year over year in the retailer’s fiscal first quarter as it faced challenges from tariffs. Meanwhile, Gap managed to grow sales 2.2% from a year earlier. Those retailers’ results, along with Salesforce revenue, all appeared in quarterly earnings releases from the past week.

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

• Macy’s found success in Bloomingdale’s and Bluemercury, even as Q1 net sales declined 5.1% year over year.
• Gap grew its Q1 net sales 2.2% from a year earlier, as online sales accounted for 39% of its total.

Abercrombie & Fitch Co. (No. 40)

Q1 2025: Abercrombie & Fitch Co. reported a net sales increase of 7.5% year over year to $1.1 billion in its fiscal first quarter ended May 4. The retailer reduced its profit outlook for the full fiscal year. In doing so, it cited the impact of tariffs. Nevertheless, it also noted that sales reached a record high in Q1.

Asked about tariffs during Abercrombie’s earnings call, Robert Ball, its chief financial officer, responded. He said the total impact on the retailer was expected to be about $70 million. However, he also stated that Abercrombie expects to offset approximately $20 million of those costs.

“We’ve got a fleet of highly productive, profitable stores that complements a really profitable digital business,” Ball said. “We’ve got three regions that are comping positive with line of sight to more growth ahead.”

American Eagle Outfitters, Inc. (No. 43)

Q1 2025: American Eagle Outfitters, Inc. said net revenue fell 4.7% year over year to $1.1 billion in its fiscal first quarter ended May 3. Comparable sales were down 3% from the same period a year ago, Jay Schottenstein, executive chairman and CEO at AEO, told investors. However, he added that American Eagle saw a “nice uptick” on its digital channel.

Still, tariffs remained a challenge as leaders addressed their impact.

“As we continue to navigate tariffs, we’re implementing various mitigation strategies, including partnering with our sourcing vendors to reduce costs,” said Mike Mathias, chief financial officer at AEO, during its earnings call. “Additionally, we’re further diversifying our supply chain and on track to reduce our sourcing exposure to China to under 10% this year, with fall and holiday season down to low single digits.”

Mathias said on the call that AEO expected the total impact of tariffs for the full year on the company to be about $40 million.

Best Buy, Inc. (No. 8)

Q1 2026: Best Buy, Inc. recorded a revenue decline of 0.9% year over year to $8.8 billion in its fiscal first quarter ended May 3. The retailer faced difficulties from tariffs but expressed optimism about its omnichannel strategy.

Read more on Best Buy’s online sales here.

Costco Wholesale Corporation (No. 7)

Q3 2025: Costco Wholesale Corporation reported a net sales increase of 8.0% year over year to $62.0 billion in its fiscal third quarter ended May 11. The company detailed recent changes to its supply chain as it navigates new tariffs.

Read more on Costco’s ecommerce sales here.

Dick’s Sporting Goods, Inc. (No. 31)

Q1 2025: Dick’s Sporting Goods, Inc. said net sales grew 5.2% year over year to $3.2 billion in its fiscal first quarter ended May 3. In addition to announcing Dick’s would acquire Foot Locker, the company opened new store locations. Those included two new House of Sport and four Dick’s Field House locations in the first quarter. The retailer also noted strong performance for its GameChanger app, which it uses to stream youth sports.

Lauran Hobart, president, CEO and director at Dick’s, told investors during an earnings call that both GameChanger and Dick’s Media Network were “delivering strong, profitable growth as they scale.”

“Looking more closely at the GameChanger business, we had over 6.5 million unique active users during the first quarter, with an average of approximately 2.2 million daily active users, a nearly 28% year-over-year increase,” Hobart stated.

Foot Locker, Inc. (No. 63)

Q1 2025: Foot Locker, Inc. reported a net sales decline of 4.6% year over year to $1.8 billion in its fiscal first quarter ended May 3. The company did not hold an earnings call or discuss guidance in light of its announced agreement to be acquired by Dick’s Sporting Goods.

“During the quarter, we remained focused on the rollout of our Reimagined and Refresh programs to elevate our in-store experience, enhancing our digital offerings, deepening customer engagement through our FLX program and leveraging our strong brand partnerships to generate excitement for our customers,” said Mary Dillion, CEO at Foot Locker. “As we have executed these and other initiatives to further advance our strategy, our teams have also remained nimble to navigate the uncertain macroeconomic environment, including managing our promotional levels, inventories, and expenses and remaining disciplined with our cash flows.”

Gap, Inc. (No. 20)

Q1 2025: Gap, Inc. said net sales increased 2.2% year over year to $3.5 billion in its fiscal first quarter ended May 3. While sales at its stores remained flat, Gap’s online sales were up 6% from a year earlier. Those online sales made up 39% of its overall total.

“We had positive comp sales for the fifth consecutive quarter, with our two largest brands, Gap and Old Navy, winning in the marketplace, demonstrating the power of our brand reinvigoration playbook,” said Richard Dickson, president and CEO at Gap. “The rigor we’ve embedded across the organization continued to serve us well, driving gross margin and operating margin expansion in the quarter.”

Macy’s, Inc. (No. 17)

Q1 2025: Macy’s, Inc. recorded a net sales decrease of 5.1% year over year to $4.6 billion in its fiscal first quarter ended May 3. Comparable sales fell 2.0% at Macy’s, while Bloomingdale’s and Bluemercury both saw gains.

“We continued to execute against our Bold New Chapter strategy during the quarter, scaling key initiatives that improved our customer experience and contributed to stronger-than-expected performance across all three of our nameplates,” said Tony Spring, chairman and chief executive officer at Macy’s. “Our first quarter results give us confidence that we have the right strategy and team in place to navigate the current environment while we continue to invest in our customer on the path to returning Macy’s, Inc. to sustainable profitable growth.”

The Q1 results beat analysts’ expectations. Still, Macy’s lowered its earnings guidance for the full year. The company cited “initial and current tariffs; some moderation in consumer discretionary spending; and a heightened competitive promotional landscape.”

Ulta Beauty, Inc. (No. 35)

Q1 2025: Ulta Beauty, Inc. reported a net sales increase of 4.5% year over year to $2.8 billion during its fiscal first quarter ended May 3.

“The operating environment is fluid, and our outlook reflects uncertainty around how consumer demand could evolve,” said Kecia Steelman, president and chief executive officer at Ulta Beauty. “We believe our model uniquely positions us to win, and we will continue to focus on serving our guests while staying agile as we move through the year.”

During Ulta’s earnings call, Steelman acknowledged that Ulta “lost market share in the beauty category in 2024.” She also stated that its “business is bigger and we’ve managed unprecedented category growth, and it is more complex as we’ve expanded our assortment and added new fulfillment choices like buy online, pick up in store [BOPIS], ship from store and same-day delivery.”

Other recent ecommerce earnings results

Advance Auto Parts, Inc. (No. 90)

Q1 2025: Advance Auto Parts, Inc. reaffirms 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.

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.

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.”

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:

• Dollar General: June 3
• Signet Jewelers: June 3
• Five Below: June 4
• Victoria’s Secret: June 5
• Lululemon Athletica: June 6
• Petco Health and Wellness: June 6

Do you rank in our databases? 

Submit your data and we’ll see where you fit in our next ranking update.

Sign up

Stay on top of the latest developments in the ecommerce industry. Sign up for a complimentary subscription to Digital Commerce 360 Retail News. Follow us on LinkedIn, Twitter and Facebook. Be the first to know when Digital Commerce 360 publishes news content.