Ecommerce earnings recap: Gap, Abercrombie and more

The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database.

Gap Inc.’s online sales fell, even as physical stores lifted its overall net sales to 1.0% growth year over year in the retailer’s latest quarterly results. Meanwhile, Abercrombie & Fitch net sales grew by 1.5% from a year ago in its Q1. However, the retailer cited softening demand in Europe, the Middle East and Africa.

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

Gap’s net sales were up 1.0% in its Q1, despite a drop in ecommerce sales.
Abercrombie & Fitch Q1 net sales grew by 1.5% year over year as war in the Middle East weighed on the retailer’s regional expectations.

Abercrombie & Fitch Inc. (No. 38)

Q1 2026: Abercrombie & Fitch Inc. reported a net sales increase of 1.5% year over year to $1.11 billion in its fiscal first quarter ended May 3. CEO Fran Horowitz credited the retailer’s recent enterprise resource planning (ERP) system launch for improvements as Abercrombie touted its “record net sales” for Q1.

“We successfully launched our upgraded merchandising ERP, which will enable long-term channel and category expansion, and we continue to make strategic investments in marketing, digital and stores to drive profitable growth,” said Horowitz. “One quarter in, the team continues to stay agile in a dynamic global environment, and 2026 is shaping up to be another year of consistent progress as we maintain our full-year outlook on net sales, operating margin and earnings per share.”

Horowitz noted that by region, the company’s sales in the Americas “grew 3%,” while “growth in the U.K. was more than offset by declines in the Middle East and other European markets as the regional conflict ramped up, driving EMEA sales down 10% for the quarter.”

Best Buy Co. Inc. (No. 8)

Q1 2027 revenue: Best Buy Co. Inc. shared that revenue improved by 1.9% year over year to $8.94 billion in its fiscal first quarter ended May 2. During Q1, Best Buy’s domestic online sales were up 1.4% year over year, while international online sales grew 4.7%.

Read more on Best Buy’s online sales here.

Costco Wholesale Corporation (No. 6)

Q3 2026 net sales: Costco Wholesale Corporation reported that net sales grew 11.6% year over year to $69.15 billion in its fiscal Q1 ended Feb. 15. Over the same period, ecommerce sales increased by 21.5%.

Read more on Costco’s ecommerce sales here.

Dick’s Sporting Goods Inc. (No. 33)

Q1 2026 net sales: Dick’s Sporting Goods Inc. said consolidated net sales grew by 62.7% year over year to $5.16 billion in its fiscal Q1 ended May 2. Those results were helped by the retailer’s Foot Locker acquisition in 2025. Dick’s alone saw sales rise 6.0% as Foot Locker returned to growth as its comparable sales increased by 0.6% from a year ago.

Gap Inc. (No. 19)

Q1 2026 net sales: Gap Inc. reported that net sales increased by 1.0% year over year to $3.50 billion in its fiscal first quarter ended May 2. However, even as sales in physical stores grew by 3% from a year earlier, online sales fell by 2% over the same period.

During Gap’s earnings call, Katrina O’Connell, executive vice president and chief financial officer at Gap, told investors that the online decline “was really very specific to the quarter related to two things.”

O’Connell first cited Athleta, Gap’s “most digitally penetrated brand,” which saw weakening performance and weighed on overall digital sales. Meanwhile, she noted that “dresses really over-indexes as an online business” for Gap.

“And so with the weakness in dresses at Old Navy, that also weighed on the channel,” she said. “Overall, though, that traffic was up in online as well, and we continue to believe that’s a really important channel for us going forward.”

Kohl’s Corp. (No. 25)

Q1 2026 net sales: Kohl’s Corp. recorded a net sales decline of 1.7% year over year to $3.00 billion in its fiscal first quarter ended May 2. Still, Michael Bender, CEO at Kohl’s, noted that the results represented Kohl’s “best comparable sales performance in over four years.”

As it looks ahead, the company sees an improved omnichannel experience helping its business as it seeks to return to positive sales growth.

“In order to create a more cohesive and frictionless omnichannel experience, we need to improve the synergies within our store and digital businesses,” Bender stated during Kohl’s earnings call. “A key component for enhancing our experience will be our inventory management.”

In order to improve Kohl’s experience across physical stores and its website, Bender said the company would be “enhancing our inventory composition” by improving apparel depth while “conversely planning our choice counts down high single digits.”

Other recent ecommerce earnings results

Alibaba Group Holding Limited

Q4 2026 revenue: Alibaba Group Holding Limited reported that revenue increased by 2.9% year over year to 243.38 billion Chinese yuan (about $35.28 billion) in its fiscal fourth quarter ended March 31. The quarter saw Alibaba’s Taobao app launch the Qwen Shopping Assistant for product discovery, in-sale support, order management and post-purchase services. That effort builds on the company’s existing Qwen AI platform.

Amazon.com Inc. (No. 1)

Q1 2026 net sales: Amazon.com Inc.’s net sales increased by 16.6% year over year to $181.52 billion in its fiscal first quarter ended March 31. During the quarter, perishable item sales were up by more than 40x year over year, accounting for nine of Amazon’s 10 most-ordered items for same-day delivery in areas where the service was offered.

The Home Depot Inc. (No. 4)

Q1 2026 net sales: The Home Depot Inc. reported that net sales increased by 4.8% year over year to $4.77 billion in its fiscal first quarter ended May 3. Online sales were up by about 10% over the same period.

Read more on Home Depot’s online sales here.

The Kroger Co. (No. 6)

Q4 2025 total sales: The Kroger Co. reported total sales were up by 1.2% year over year to $34.73 billion in its fiscal fourth quarter ended March 31. Digital sales for the grocer grew by 20% from a year earlier.

Read more about Kroger’s digital sales here.

Target Corporation (No. 5)

Q1 2026 total sales: Target Corporation total sales grew by 6.7% year over year to $25.44 billion in its fiscal first quarter ended May 2. In the meantime, its first-party online sales increased by nearly 9% from a year earlier.

Read more on Target’s online sales here.

Walmart Inc. (No. 2)

Q1 2027 total revenue: Walmart Inc. reported that total revenue increased 7.3% year over year to $177.75 billion in its fiscal first quarter ended April 30. Online sales during the quarter were up by 26% year over year.

Ecommerce earnings calendar

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

Dollar General: June 2
Signet Jewelers: June 2
Victoria’s Secret: June 2
Ulta Beauty: June 2
Macy’s: June 3
Five Below: June 3
Petco Health and Wellness: June 3
Lululemon Athletica: June 4

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