The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. Walgreens Boots Alliance sales grew 7.2% year over year, even though struggles in some categories weighed on its comparable retail sales. In the meantime, Nike reported a 12.0% revenue decline from a year earlier. All of this was announced in a week when FedEx revenue for its most recent quarter was revealed to have risen 1%.

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

• Walgreens Boots Alliance sales were up 7.2% year over year in its fiscal third quarter.
• Nike revenue fell 12.0% year over year in its Q4 as the company prepared for tariff costs in the months ahead.

Nike, Inc. (No. 13)

Q4 2025: Nike, Inc. recorded a revenue decline of 12.0% year over year to $11.10 billion in its fiscal fourth quarter ended May 31. Amid other challenges, the apparel brand expects to face $1 billion in costs related to tariffs during its 2026 fiscal year.

In the meantime, the company’s turnaround effort internally is ongoing.

Read more on Nike Digital sales here.

Walgreens Boots Alliance, Inc. (No. 14)

Q3 2025: Walgreens Boots Alliance, Inc. reported a sales increase of 7.2% year over year to $39.0 billion in its fiscal third quarter ended May 31. The company said comparable sales for its U.S. Retail Pharmacy segment — which includes ecommerce sales — were up 10.3% from the same quarter a year ago. However, comparable retail sales declined 2.4% from a year earlier. The retailer cited lower sales in the grocery and household, health and wellness, and beauty categories.

Walgreens Boots Alliance, which is one of the top three online retailers in Health & Beauty by web sales, announced it would not hold an earnings call to discuss its latest earnings results. In March, it announced plans to go private in a $23.7 billion deal that it expects to close sometime in the second half of the 2025 calendar year.

Other recent ecommerce earnings results

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.

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.

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.”

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.

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:

• Bassett Furniture Industries: July 9
• Levi Strauss & Co.: July 10
• Helen of Troy: July 10

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