Ecommerce earnings recap: What you missed from Scholastic

The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. Scholastic Corporation shared results from its fiscal first quarter, which saw revenue drop 11.6% year over year during the summer months. The company also forecasted tariff costs for its new fiscal year and highlighted fall releases.

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

Scholastic Corporation revenue for its Q1 fell 11.6% year over year, as the company concluded its summer quarter.

Scholastic Corporation (No. 105)

Q1 2026 revenue: Scholastic Corporation reported an 11.6% year-over-year decline in revenue to $225.6 million for its fiscal first quarter ended Aug. 31. Peter Warwick, president and CEO at Scholastic, said the “seasonally quiet summer period resulted in an operating loss consistent with expectations.” In the meantime, the company is pushing ahead with its normal fall book fairs and high expectations for releases, including the book “Dog Man: Big Jim Believes” and Paris Hilton’s animated series “Paris & Pups” on YouTube.

“The property has already drawn great attention and we have tie-in books and toys planned for fall 2026,” said Warwick. “We also just announced the launch of our first-ever Scholastic-branded streaming app, which offers families a free, safe and trusted destination to enjoy Scholastic programming on-demand.”

On an earnings call with investors, Warwick said “pairing digital-first content with publishing is central to our strategy” and assessed that “the digital income that we’re getting is high margin and it’s going to grow.”

Tariffs’ impact on Scholastic: During Scholastic’s earnings call, Haji Glover, its chief financial officer and executive vice president, shared the company’s anticipated tariff costs for the new fiscal year.

“As for the impact of tariffs, we are closely following changes in policy and continue to expect approximately $10 million of incremental tariff expenses this fiscal year in our cost of product,” he stated.

Other recent ecommerce earnings results

Alibaba Group Holding Limited

Q1 2026 revenue: Alibaba Group Holding Limited said revenue grew 1.8% year over year to $34.6 billion in its fiscal first quarter. CEO Eddie Wu said Alibaba’s strategy remains fixed on “consumption and AI + Cloud.” He asserted that these are the company’s two pillars for long-term growth.

Amazon.com, Inc. (No. 3)

Q3 2025: Amazon.com Inc.’s net sales rose 13% year over year to $167.7 billion in its fiscal second quarter ended June 30. North America segment sales grew 11% to $100.1 billion. Excluding foreign exchange effects, total net sales increased 12% year over year.

Chewy Inc. (No. 9)

Q2 2025 net sales: Chewy Inc. said net sales grew 8.6% year over year to $3.1 billion in its fiscal second quarter ended Aug. 3. It attributed 83% of total net sales to its Autoship program.

Read more on Chewy’s quarterly sales here.

GameStop Corp. (No. 55)

Q2 2025 net sales: GameStop Corp. recorded a net sales increase of 21.8% year over year to $972.2 million in its fiscal second quarter ended Aug. 2. Meanwhile, net income was also up dramatically, growing 1,039.2% to $168.6 million over the same period. Notably, the quarter saw the launch of Nintendo’s Switch 2 video game console.

Collectibles sales grow in importance: By category, GameStop’s Collectibles sales increased their share of net sales from a year earlier. Ultimately, collectibles accounted for 23.4% of net sales at the retailer during its Q2. That was up from 17.5% in the same period a year ago.

Bitcoin value: GameStop noted that the value of its Bitcoin holdings was $528.6 million as of the end of its Q2.

The Home Depot Inc. (No. 4)

Q2 2025: The Home Depot Inc. said net sales jumped 4.9% year over year to reach $45.28 billion in its fiscal second quarter ended Aug. 3. Meanwhile, online sales increased 12% year over year as the home improvement retailer worked to speed up fulfillment.

Read more on Home Depot’s online sales here.

The Kroger Co. (No. 6)

Q2 2025 total sales: The Kroger Co. reported a total sales increase of 0.8% year over year to $33.9 billion in its fiscal second quarter ended Aug. 16. In addition, ecommerce sales increased 16% year over year during the quarter

Read more on Kroger’s quarterly sales here.

The Lovesac Company (No. 398)

Q2 2026 net sales: The Lovesac Company reported a net sales increase of 2.5% year over year to $160.5 million in its fiscal Q2 ended Aug. 3. The furniture retailer credited a 0.9% year-over-year increase in omnichannel comparable net sales for its gains. In addition, it cited success at 16 new showrooms.

Lovesac ecommerce sales: Internet sales declined 4.1% year over year for Lovesac during its Q2, That was in stark contrast to a 10.4% increase in sales from its physical showrooms for the same period. Meanwhile, omnichannel sales, which grew year over year, include sales at all retail locations and online.

Mary Fox, the retailer’s president, noted on an earnings call that it has been investing in its ecommerce experience.

“As we launch new product lines, including Snugg, we continue to invest in optimizing the digital experience,” she stated. “Through our research, we know that customers shop differently for sectionals versus couches and chairs.”

That process has included work on Lovesac’s website, including its homepage.

“And as a result, we significantly improved the top navigation, implementing a more intuitive design based on furniture shopping behaviors and quicker product finding,” she said.

Lovesac’s tariff-mitigation efforts: Shawn Nelson, the founder, CEO and director at Lovesac, updated investors on anticipated tariff impact. Despite success working with vendors and adapting supply chain efforts, he noted that Lovesac had lowered its gross margin range.

“We have made solid progress on mitigation factors, including select price increases taken early in the fiscal third quarter,” Nelson stated. “However, with incremental worsening in the tariff backdrop and continued pressure on competitive discounting, we have lowered our gross margin range, which has impacted the bottom line ranges accordingly.”

Target Corporation (No. 5)

Q2 2025: Target Corporation recorded a net sales drop of 0.9% year over year to $25.2 billion in its fiscal second quarter ended Aug. 2. Despite overall challenges, the retailer’s online sales increased 4.3% from a year earlier. Target credited 25% growth in same-day delivery through its Target Circle 360 paid membership program growth in Drive Up use.

Read more on Target’s online sales here.

Walmart, Inc. (No. 2)

Q2 2026: Walmart Inc.’s total sales were up 4.8% year over year to $177.4 billion in its fiscal second quarter ended July 31. Online sales alone increased 25% over the same period. CEO Doug McMillon said Walmart would keep prices “as low as we can for as long as we can” in the face of tariffs.

Ecommerce earnings calendar

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

AutoZone: Sept. 23
Stitch Fix: Sept. 24
Costco: Sept. 25

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 online retail industry. Sign up for a complimentary subscription to Digital Commerce 360 Retail News. Follow us on LinkedIn, X (formerly Twitter), Facebook and YouTube. Be the first to know when Digital Commerce 360 publishes news content.

Favorite