Ecommerce earnings recap: Revolve Group, CVS and more

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

Revolve Group posted a 15.6% rise in net sales year over year. In addition, it detailed new artificial intelligence (AI) features that it planned to roll out soon. Meanwhile, CVS Health shared how AI was having an impact on its customer experience as the company reported that revenues increased by 6.2% from a year earlier.

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

Revolve Group net sales grew by 15.6% year over year as its leadership previewed new AI features.
CVS Health Corporation revenues increased by 6.2% from a year ago, with AI playing an increasing role in customer experience.

CVS Health Corporation (No. 101)

Q1 2026 total revenues: CVS Health Corporation reported a total revenues increase of 6.2% year over year to $100.43 billion in its fiscal first quarter ended March 31. Executives outlined how they see AI shaping customer experience during a May 6 earnings call.

“AI has been deployed across CVS Health for years to improve our operations and to drive efficiencies,” said David Joyner, CEO at CVS Health. “But what we are most excited about and believe will have the biggest impact is AI’s ability to improve consumer experiences, engagement and outcomes.”

He added that CVS was “enabling more personalized and exceptional care,” as well as “accelerating our go-to-market strategies” by developing “deep consumer insights rapidly and at scale.”

With its results, CVS also announced Health100, which it characterized as “a health technology services subsidiary, which will use Google Cloud’s AI technologies to deliver a fully integrated health care engagement platform to provide a connected, proactive and personalized experience for American consumers.”

The RealReal Inc. (No. 671, as well as No. 6 in the Global Online Marketplaces Database)

Q1 2026 GMV: The RealReal Inc. recorded a 23.6% year-over-year rise in gross merchandise value (GMV) to $606.36 million in its fiscal first quarter ended March 31. Total revenue was up by 18.5% to $189.71 million over the same period.

Rati Levesque, the president, CEO and director at The RealReal, called 2025 a year “about optimization” for the company. As it looks ahead, she said it had “laid a solid foundation and the mechanics are working.” On the horizon, she noted that the online marketplace is working on new AI-powered recommendations that she expects to strengthen capabilities in the year ahead.

“On the buyer experience, our product road map includes AI recommendations in the near term, followed by enhancements in search and discovery,” she stated. “Every item on our platform is unique, which makes agentic and conversational search powerful, and we’re excited to continue rolling out features in 2026.”

Revolve Group Inc. (No. 82)

Q1 2026 net sales: Revolve Group Inc. reported a net sales increase of 15.6% year over year to $342.9 million in its fiscal first quarter ended March 31. The company credited AI and physical stores among the initiatives boosting performance.

“I’m pleased to report that we have successfully tested and recently launched into production our internally developed generative AI feature discussed last quarter that surfaces contextually relevant questions and answers about our products,” said Michael Karanikolas, co-founder, co-CEO and chairman of the board at Revolve. “This new feature is now live on our Revolve mobile channel for our vast assortment of dresses and delivering meaningful gains.”

Karanikolas told investors that Revolve had seen conversion rates rise, thanks to the deployment.

“The conversion lift was so compelling that our team is already hard at work to expand our A/B testing to include additional channels and product categories, consistent with our efforts to continuously raise the bar on the customer experience,” he stated during Revolve’s quarterly earnings call.

Sonos Inc. (No. 82)

Warby Parker Inc. (No. 345)

Q1 2026 net revenue: Warby Parker Inc. recorded net revenue of 8.3% year over year to $242.45 million in its fiscal fourth quarter ended March 31. The eyewear brand touted a 4.8% rise in active customers (to 2.69 million) and 6.9% increase in average revenue per customer (to $331) over the same period.

“We’re proud of our team’s resilience as we navigated a dynamic environment, including severe weather,” said Neil Blumenthal, co-founder and co-CEO at Warby Parker. “We continue to invest in the customer experience and bring innovative new products like Warby Parker Sport to market, and the momentum we’re building gives us confidence as we move through the balance of the year.”

Blumenthal wore prototypes of Warby Parker’s new AI-enabled glasses during the company’s earnings call as he promoted their upcoming release.

“AI glasses will redefine personal computing, moving technology off the screen and seamlessly into our daily field of vision,” he said. “Instead of reaching for a device, wearers will stay present in the moment, while the technology works alongside them, providing contextual real-time assistance.”

Other recent ecommerce earnings results

Alibaba Group Holding Limited

Q3 2026 revenue: Alibaba Group Holding Limited saw revenue increase 1.5% year over year to 284.8 Chinese yuan (about $40.73 billion) in its fiscal third quarter ended Dec. 31, 2025. The company credited its cloud business and AI offerings, including its Qwen AI platform, which it claimed has amassed more than 300 million monthly active users.

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.

Costco Wholesale Corporation (No. 7)

Q2 2026 net sales: Costco Wholesale Corporation said net sales grew 9.1% year over year to $68.24 billion in its fiscal Q1 ended Feb. 15. Ecommerce sales were up 22.6% for the same period.

Read more on Costco’s ecommerce 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.

The Home Depot Inc. (No. 4)

Q4 2025 net sales: The Home Depot Inc. reported a net sales decline of 3.9% year over year to $38.20 billion in its fiscal fourth quarter ended Feb. 1. However, online sales were up by about 11% for the same period.

Read more on Home Depot’s online sales here.

Target Corporation (No. 5)

Q4 2025 total sales: Target Corporation total sales dropped by 1.5% year over year to $30.45 billion in its fiscal fourth quarter ended Jan. 31. Still, online sales for the retailer managed to grow by 1.9% over the same period.

Read more on Target’s online sales here.

Walmart Inc. (No. 2)

Q4 2026 total revenue: Walmart Inc.’s total revenue grew 5.6% year over year to $190.66 billion in its fiscal fourth quarter ended Jan. 31. Meanwhile, revenue from membership fees increased by 15.1% globally from a year ago. Walmart increased its commerce sales by more than 20% for the fourth consecutive quarter in its fiscal Q4 2026.

Ecommerce earnings calendar

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

Sally Beauty: May 11
Hims & Hers: May 11
Under Armour: May 12
Alibaba: May 13
Wolverine: May 14
Yeti Holdings: May 14

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