The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. La-Z-Boy’s consolidated delivered sales grew 3.1% year over year as the company shared how it has prepared to deal with tariffs during its latest earnings call. Those results came as Kroger reported that its total sales were almost flat as it still managed to grow digital sales for a 12th consecutive quarter.
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
- La-Z-Boy consolidated delivered sales were up 3.1% year over year as its digitally native brand Joybird struggled.
- Kroger’s total sales declined 0.3% in its most recent quarter as digital sales continued to grow.
The Kroger Co. (No. 6)
Q1 2025: The Kroger Co. recorded a total sales decline of 0.3% year over year to $45.1 billion in its fiscal Q1 ended May 24. Still, the grocer said digital sales increased 15% over the same period. That marked the 12th straight quarter in which Kroger has seen positive ecommerce sales growth.
Read more on Kroger’s digital sales here.
La-Z-Boy, Inc. (No. 251)
Q4 2025: La-Z-Boy, Inc. reported its consolidated delivered sales increased 3.1% year over year to $570.9 million in its fiscal Q4 ended April 26. Melinda Whittington, president, CEO and chairman at La-Z-Boy, cited continuing challenges in the macroeconomic environment for the home furnishings retailer. Specifically, she mentioned “challenges in the housing market with stubbornly high mortgage rates and increased volatility in the global economy negatively influenced consumer sentiment.”
Meanwhile, La-Z-Boy’s digitally driven Joybird business took a hit as the company reported delivered sales for the unit decreased 2% year over year to $36 million.
“On our Joybird business, written sales trends decreased 21% in the quarter versus a year ago,” Whittington told investors during a June 18 earnings call. “As a digitally native brand, we believe the Joybird consumer has been more significantly impacted by rising macro uncertainty.”
Whittington sees that pressure as “likely to persist in the near term amid ongoing macroeconomic volatility.” Nevertheless, she stated that La-Z-Boy is seeing “relatively stronger written trends” for Joybird in physical stores.
In addition, Whittington addressed La-Z-Boy’s perspective on tariffs during the call. She noted that La-Z-Boy has already aligned its supply chain to preference North America and Mexico.
“Approximately 90% of our upholstered units sold in North America are produced in the United States with our Mexican operations supporting most of the balance,” she stated. “In addition, our Mexican-based cut-and-sew operations support more than 2/3 of this North American upholstered unit production, transforming raw cover sourced from multiple countries around the globe. The vast majority of the products produced and exported out of Mexico are USMCA-compliant and, therefore, not subject to tariffs under current tariff policies.”
Other recent ecommerce earnings results
Academy Sports and Outdoors, Inc. (No. 156)
Q1 2025: Academy Sports and Outdoors, Inc. said its net sales declined 0.9% year over year to $1.4 billion in its fiscal first quarter ended May 3. Steve Lawrence, chief executive officer at Academy, cited “a choppy macro-economic backdrop.” Still, he remained optimistic that the company “has performed extensive work to mitigate tariff pressures at the current levels, and we will remain nimble as the situation evolves.”
“Moving forward, we are balancing our optimism about our strategic initiatives against the uncertain environment that our customers will face in the back half of the year,” Lawrence explained. “As a result of this, we are widening our annual comp sales guidance range to -4% to +1% to account for a potential downside that may be created by inflationary pressures the remainder of the year.”
During Academy’s earnings call, Lawrence cited ecommerce growth as a major priority for the retail chain.
“We also made progress here during the quarter with academy.com posting a 10% sales increase and growing in penetration by roughly 100 basis points to over 10%,” he shared.
In addition, Lawrence detailed some results that the company has seen. He noted that improvements have translated into help for “both conversion rate and average order value during the quarter.”
“A lot of the work completed in Q1 was around streamlining and improving the internal search functionality of our site,” he stated. “At the same time, we’ve also been pushing hard to grow our endless aisle offering with an expanded assortment online supported for drop ship.”
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.
Chewy, Inc. (No. 9)
Q3 2025: Chewy, Inc. reported a net sales increase of 8.3% year over year to $3.1 billion in its fiscal third quarter ended May 4. The gains came as Chewy’s Autoship sales and customer base both grew from a year prior.
“First quarter Autoship customer sales of $2.56 billion represented approximately 82% of Q1 net sales, reaching a record high for the company,” said Sumit Singh, CEO at Chewy, during its earnings call. “Growth in Autoship customer sales once again outpaced overall top-line growth, increasing by nearly 15% in the first quarter.”
The pet supplies and subscription-based sales retailer also noted improvements for its customer numbers.
“Moving on to the topic of active customers, the momentum we spoke about last quarter continued through Q1, and we ended the quarter with 20.8 million active customers, reflecting 3.8% year-over-year growth and an increase of approximately 240,000 customers sequentially,” Singh stated. “Active customer growth was driven by continued strength in gross additions along with improvement in gross churn.”
As for inflation and tariffs, David Reeder, the chief financial officer at Chewy, addressed questions on the earnings call. He said during the call that Chewy sees “very little inflation in the industry right now.” Looking ahead, it anticipates a “minimal expected impact from tariffs.”
GameStop Corp. (No. 55)
Q1 2025: GameStop Corp. recorded a net sales decline of 16.9% year over year to $732.4 million in its fiscal first quarter ended May 3. The negative growth came as the games and collectibles retailer continued to buy bitcoin during the quarter. Meanwhile, it also divested in its Canada operations.
Entrepreneur Stephan Tetrault acquired GameStop Canada in May and plans to relaunch operations under the brand EB Games Canada.
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.
RH, Inc. (No. 93)
Q3 2025: RH, Inc. recorded a net revenue increase of 12.0% year over year to $814.0 million in its fiscal third quarter ended May 3. Gary Friedman, the chairman and CEO at RH, formerly Restoration Hardware, told shareholders in his quarterly letter that the home furnishings retailer’s success came despite challenges it sees in the macro environment.
“Our industry leading growth continued into fiscal 2025 as revenue increased 12% in the first quarter despite the polarizing impact of tariff uncertainty and the worst housing market in almost 50 years,” Friedman wrote. “Both adjusted operating margin of 7.0% and adjusted EBITDA margin of 13.1% were at the high end of our expectations, and we achieved positive free cash flow of $34 million in the quarter.”
Stitch Fix, Inc. (No. 76)
Q3 2025: Stitch Fix, Inc. reported a net revenue increase of 0.7% year over year to $325.0 million in its fiscal third quarter ended May 3. The online personal styling service increased its net revenue per active client by 3.2% from a year ago to $542. That improvement came despite a 10.6% decrease in active clients over the same period to 280,000.
“Our performance, which exceeded expectations, is the direct result of the strength of the Stitch Fix value proposition and the team’s disciplined execution of our strategy,” said Matt Baer, CEO at Stitch Fix. “Now in the growth phase of our transformation, we are focused on cementing our role as the retailer of choice for apparel and accessories by consistently delivering the most client-centric and personalized shopping experience.”
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.
Victoria’s Secret & Co. (No. 39)
Q1 2025: Victoria’s Secret & Co. said net sales declined 0.5% year over year to $1.4 billion in its fiscal first quarter ended May 3. The apparel retailer revised its full-year guidance for operating income down to a range of $270 million to $320 million.
Victoria’s Secret noted that the change accommodates an anticipated net tariff impact of $50 million for its fiscal year 2025. In the meantime, it maintained its guidance for full-year net sales to range from $6.2 billion to $6.3 billion.
Hillary Super, director and CEO at Victoria’s Secret, applauded the company’s digital efforts. She said she expects to see more of its products being sold online at full price.
“We see opportunities to sell more full-priced products and let our flow of newness and brand relevance drive the purchase cycle,” she stated on Victoria’s Secret’s earnings call. “We continued to outperform digitally within PINK, indicating we are serving our digitally native customer well.”
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:
- FedEx: June 24
- Walgreens Boots Alliance: June 26
- Nike: June 26
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