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Retailers and marketplaces reported ecommerce earnings results, with disappointing results across the home furnishing industry.

More retailers in Digital Commerce 360’s Top 1000 list of leading ecommerce retailers in North America reported ecommerce earnings results for the most recent fiscal quarter. Retailers in the home furnishing industry reported disappointing results, while marketplaces fared better. Here’s the ecommerce earnings summary you need to know from this quarter. Read more ecommerce earnings coverage here.

Parentheses indicate the merchant’s ranking in the Top 1000.

Amazon.com Inc. (No. 1)

Amazon beat expectations with earnings for its fiscal fourth quarter ended Dec. 31, 2023. Its net sales in the quarter grew 14% year over year to $170.0 billion.

Full-year sales grew 12% to $574.8 billion in 2023, up from $514.0 billion in 2022. Read more about Amazon’s earnings here.

Beyond Inc. (No. 49)

Beyond reported revenue declined 5% to $384 million in its fiscal fourth quarter ended Dec. 31. The retailer plans to relaunch Overstock.com this quarter.


Read more on Beyond’s earnings here.

Costco Wholesale Corp. (No. 6)

Costco said net sales grew 6.1% to $56.72 billion in its first fiscal quarter of 2024 ended Nov. 26, 2023. Ecommerce comparable sales grew 6.3% in the same period. E-gift cards, snacks and pet items were all strong in the ecommerce channel, the retailer said.

Read more on Costco’s earnings here.

Etsy Inc.

Etsy revenue grew 4.3% to $842.2 million in the fourth quarter ended Dec. 31.


Etsy is No. 20 in Digital Commerce 360’s Global Online Marketplaces Database, ranking the 100 largest such marketplaces by third-party gross merchandise value (GMV). Its musical instrument marketplace Reverb is No. 42, and its used-clothing marketplace Depop is No. 51.

Read more on Etsy’s earnings here.

Floor & Decor Holdings, Inc. (No. 128)

Floor & Decor reported that net sales remained flat at $1.0 billion for its fiscal fourth quarter ended Dec. 28. Comparable store sales declined 9.4%. CEO Tom Taylor said that decline was “better than expected.” Full-year sales grew 3.5% to $4.4 billion, while comparable store sales declined 7.1% over the period. The retailer plans to increase ecommerce investments in 2024, Taylor said without revealing more.

Home Depot (No. 4)

Home Depot reported that online sales increased about 2% year over year in its fiscal fourth quarter ended Jan. 28. Meanwhile, total Q4 sales decreased 2.9% year over year to $34.8 billion.


Read more about Home Depot’s earnings here.

La-Z-Boy Inc. (No. 259)

La-Z-Boy said sales in its fiscal third quarter ended Jan. 27 declined 13% year over year to $500 million. However, sales were 5% higher than the last pre-pandemic Q3, the retailer said, noting that last year’s results benefitted from the delivery of a backlog of orders during the pandemic. Meanwhile, same-store sales declined 6%.

Joybird sales declined 14%. “The online furniture market continues to be challenged, consistent with the broader furniture industry,” CEO Melinda Whittington said.

Sleep Number Corp. (No. 288)

Sleep Number reported that net sales decreased 14% to $430 million in its fiscal fourth quarter ended Dec. 30. Net sales for the full year declined 11% to $1.89 billion in 2023.


“While the consumer environment remains challenging for the mattress industry, our swift actions to improve demand and reduce costs allowed us to make better progress in the fourth quarter than we expected,” said president and CEO Shelly Ibach.

Target Corp. (No. 5)

Third-quarter sales declined 4.9% for the mass merchant, to $25 billion from $26.12 billion in its fiscal third quarter ended Oct. 28. Meanwhile, Target online sales decreased 6% year over year.

Moreover, Target’s online sales declined 6.7% year over year for the first nine months of its fiscal year. Read more about Target’s earnings here.

Walmart (No. 2)

Walmart said U.S. online sales grew 17% for its fiscal 2024 fourth quarter ended Jan. 31. Its global ecommerce sales grew 23% over the same period, while international ecommerce increased 44%. 


Read more about Walmart’s earnings here.

Wayfair (No. 10)

Wayfair reported that total net revenue grew by $13 million, or 0.4%, to $3.1 billion in its fiscal fourth quarter ended Dec. 31. Cost-cutting measures, including recent layoffs, are paying off, CEO Niraj Shah said.

Read more on Wayfair’s earnings here.

So what does it mean?

  • Home furnishing sales remained challenged, both online and in stores. Wayfair did comparatively well, growing revenue slightly while most competitors recorded significant declines or stagnant sales.
  • Walmart’s online sales growth was explosive once again. The retailer credited store-fulfilled pickup and delivery for some of that 17% U.S. online sales growth.

Ecommerce earnings calendar

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


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