The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database. Companies prepared for holiday shoppers and the Cyber 5, which included Thanksgiving, Cyber Monday and the three days in between. Kroger’s total sales growth in its fiscal Q3 was nearly flat year over year, though it made strong predictions for its ecommerce business in 2026. Meanwhile, Ulta Beauty saw net sales rise by 12.9% in its third quarter, with results to share from its digital investments.
At the same time, ecommerce software provider Salesforce Q3 revenue increased 8.6%.
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
- Kroger total sales grew by 0.7% year over year in its fiscal third quarter as the company made fulfillment adjustments.
- Ulta Beauty net sales were up by 12.9% year over year, with its app accounting for 65% of Ulta online member sales.
American Eagle Outfitters Inc. (No. 44)
Q3 2025 total revenue: American Eagle Outfitters Inc. recorded a total revenue increase of 6.8% year over year to $1.36 billion in its fiscal Q3 ended Nov. 1. Jay Schottenstein, the executive chairman of the board and CEO at AEO, credited “outstanding growth at Aerie” and offline sales for the apparel retailer’s “record-breaking Thanksgiving weekend.” He also cited record Q3 results “highlighted by Aerie’s double-digit comparable sales increase and positive growth at American Eagle.”
During American Eagle’s earnings call, Schottenstein shared that recent celebrity-driven marketing and ad campaigns were fueling ecommerce sales.
“We are encouraged by the impact of the campaigns and collaborations with Sydney Sweeney and Travis Kelce and now holiday gifting with Martha Stewart,” he stated. “We see measurable benefits, especially across our digital channels.”
The Kroger Co. (No. 6)
Q3 2025 total sales: The Kroger Co. reported that total sales grew 0.7% year over year to $33.9 billion in its fiscal Q3 ended Nov. 8. In the meantime, ecommerce sales increased by 17% as Ron Sargernt, chairman and CEO at Kroger, projected that the grocer’s online business would reach a milestone in the coming year.
“We have now completed our strategic review which we expect will make our ecommerce business profitable in 2026,” he said in a released statement.
Kroger digital sales: During Kroger’s Q3 earnings call, David John Kennerley, executive vice president and chief financial officer at the company, cited “solid execution in our core grocery business and continued growth in ecommerce and pharmacy” as drivers behind its most recent results. Reiterating that Kroger expects ecommerce to be profitable in 2026, he noted changes to fulfillment plans that are intended to help reach that outcome.
“From a financial perspective, we’re significantly accelerating the profitability of our ecommerce business,” he stated. “Closing three fulfillment centers and increasing store-based delivery will deliver approximately $400 million in incremental ecommerce operating profit in 2026.”
Macy’s Inc. (No. 17)
Q3 2025 net sales: Macy’s Inc. saw net sales remain flat year over year at $4.7 billion in its fiscal Q3 ended Nov. 1. Still, the retailer recorded a 2.5% increase year over year for its comparable sales. Macy’s highlighted that achievement as its best result in 13 quarters.
During Macy’s Q3 earnings call, Antony Spring, its CEO and chairman, said his team was pleased with the growth of the company’s digital business.
“We’re pleased with the replatforming and the enhancements that the digital team has made to the overall experience on our app, on our homepage, on our category pages, the work we’ve done in personalization,” Spring stated. “Obviously, we mentioned the important investment we made in China Grove to not only support our store network in terms of delivery of inventory, but also fulfillment of our digital business to the consumer.”
Macy’s new fulfillment center: Macy’s China Grove fulfillment center opened in North Carolina during Q3.
“The state-of-the-art facility incorporates automation, robotics and AI into our delivery ecosystem,” Spring said. “It propels us into the future and ensures we’re able to exceed customer expectations for accuracy and timeliness of deliveries and further reduce our delivery costs.”
Signet Jewelers Limited (No. 63)
Q3 2026 sales: Signet Jewelers Limited reported that sales increased by 3.1% to $1.4 billion in its fiscal third quarter ended Nov. 1. Same-store sales across Signet brands, including Kay, Zales and Jared, grew by 6% over the same period.
Read more on Signet Jewelers’ Q3 sales here.
Ulta Beauty Inc. (No. 37)
Q3 2025 net sales: Ulta Beauty Inc. said net sales were up by 12.9% to $2.9 billion in its fiscal Q3 ended Nov. 1. Ulta’s acquisition of Space NK factored heavily into those gains as the retailer prepared to enter the 2025 holiday season.
Kecia Steelman, president, CEO and director at Ulta, told investors during the company’s earnings call that its recent digital investments were paying off.
“Our investments to accelerate digital engagement and personalization are delivering results, and we continue to add capabilities that drive app engagement, enhance the guest shopping experience and remove friction,” Steelman stated. “From new features like Replenish & Save and Wishlist to new payment choices like Venmo to doubling ship-from-store locations to more than 1,000 stores.”
Ulta Beauty’s digital and omnichannel efforts: “Our app engagement continues to grow and accounted for 65% of our online member sales in Q3, up from 63% in Q2,” Steelman said during the earnings call. “In addition, strong buy online, pick up in store contribution highlights how guests value the powerful combination of our digital shop experience and the convenience of our stores.”
Victoria’s Secret & Co. (No. 43)
Q3 2025 net sales: Victoria’s Secret & Co. recorded a net sales increase of 9.2% to $1.5 billion in its fiscal Q3 ended Nov. 1. Among other highlights, the quarter included the Victoria’s Secret website’s busiest five minutes on record, credited to its PINK collaboration with the lifestyle brand LoveShackFancy.
“We seized the launch on our social channels and hosted a pop-up event in New York City with media and influencers,” said Hillary Super, CEO and director at Victoria’s Secret, during its earnings call. “At launch, traffic to our site soared and we logged our highest five minutes of digital volume ever.”
Super said that almost “15% of customers shopping this collaboration were new or reactivated.”
Victoria’s Secret holiday sales: “We saw our highest Black Friday customer turnout since our spinoff with roughly 1 million customers shopping our brands in North America, up high single digits from last year, and a strong engagement from new customers,” Super shared with investors.
In addition, she cited a “strong start to the 11.11 Singles’ Day selling period” in China, which aided growing international sales for the retailer.
“Our international business continues to grow at an accelerated pace with Q3 marking our third consecutive quarter of double-digit retail sales growth,” she stated. “Sales were up over 30% during the quarter, driven by exceptional performance in China, primarily in the digital channel.”
Other recent ecommerce earnings results
Abercrombie & Fitch Inc. (No. 36)
Q3 2024: Abercrombie & Fitch Inc. said net sales increased 6.8% year over year to reach $1.29 billion in its fiscal third quarter ended Nov. 1. Net sales in the Americas led for the quarter, up 23% during the same period. The results set a new record for Abercrombie & Fitch third-quarter net sales and marked the apparel retailer’s 12th consecutive quarter of growth.
“We achieved three years of consecutive quarterly sales growth, delivering record third quarter net sales, with 7% growth to last year,” said Fran Horowitz, CEO at Abercrombie & Fitch. “Hollister brands grew 16% on a strong finish to back-to-school and fall seasonal transition.”
Abercrombie & Fitch’s use of AI agents: During an earnings call with investors, Horowitz said the company was continuing to invest in technology and infrastructure to improve customer journeys. She specifically cited its recent work with tech companies that include PayPal and Cymbio.
“We recently deployed AI agents and customer service to improve the experience while driving scale and efficiency,” Horowitz noted. “And we’re very excited about a new partnership we’re kicking off this week with PayPal and Cymbio, one of our technology partners in marketplace sales, that will enable agentic commerce and AI answer engines like Perplexity, where customers can seamlessly complete transactions directly within their AI conversation without even leaving the chat.”
Alibaba Group Holding Limited
Q2 2026 revenue: Alibaba Group Holding Limited recorded a revenue increase of 4.8% year over year to 247.8 Chinese yuan (about $34.8 billion) in its fiscal second quarter ended Sept. 30. “In our consumption business, quick commerce continued to scale with significant improvement in unit economics and drove rapid growth in monthly active consumers on the Taobao app,” said Alibaba CEO Eddie Wu.
Read more on Alibaba’s ecommerce earnings here.
Amazon.com Inc. (No. 1)
Q3 2025 net sales: Amazon.com Inc.’s net sales rose 13% year over year to $180.2 billion in its fiscal third quarter ended Sept. 30. North America segment sales grew 11% to $106.3 billion, while AWS climbed 20% to $33 billion. Excluding foreign exchange effects, total net sales increased 12% year over year.
Read more on Amazon’s sales here.
Best Buy Co. Inc. (No. 8)
Q3 2026 revenue: Best Buy Co. Inc. reported that revenue increased 2.4% year over year to $9.67 billion in its fiscal third quarter ended Nov. 1. Online sales for the consumer electronics retailer grew 3.5% during the same period to reach $2.82 billion.
Read more on Best Buy’s online sales here.
Dell Technologies Inc. (No. 16)
Q3 2026 revenue: Dell Technologies Inc. said revenue grew 10.8% year over year to $27.0 billion in its fiscal third quarter ended Oct. 31. The company credited the success of its AI server sales in driving results.
“AI momentum is accelerating in the second half of the year, leading to record AI server orders of $12.3 billion and an unprecedented $30 billion in orders year to date,” said Jeff Clarke, vice chairman and chief operating officer at Dell. “Our five-quarter pipeline is multiples of our $18.4 billion backlog with a mix of neocloud, sovereign and enterprise customers.”
Guess? Inc. (No. 182)
Q3 2026 revenue: Guess? Inc. recorded a revenue increase of 7.2% year over year to $791.4 million in its fiscal third quarter ended Nov. 1. In the Americas, where retail revenues overall were up 2%, retail comparable sales, which include ecommerce, declined by 6% in U.S. dollars and 5% in constant currency, the company reported.
Due to a proposed transaction to take Guess? private, the company did not hold an earnings call. The $1.4 billion deal (including debt) is backed by Guess? co-founders Maurice Marciano and Paul Marciano, as well as CEO Carlos Alberini and Authentic Brands. It is expected to close during the retail and apparel brand’s fiscal Q4.
The Home Depot Inc. (No. 4)
Q3 2025 net sales: The Home Depot Inc. reported net sales grew 28.9% year over year to $41.4 billion in its fiscal third quarter ended Nov. 2. In the meantime, William Bastek, executive vice president of merchandising at Home Depot, shared that online sales were up 11% year over year.
Read more on Home Depot’s online sales here.
Kohl’s Corp. (No. 25)
Q3 2025 net sales: Kohl’s Corp. said net sales declined 2.8% year over year to $3.41 billion in its fiscal third quarter ended Nov. 1. The retailer’s ecommerce sales during the quarter “outperformed stores again,” as they increased 2.4% year over year, according to Jill Timm, chief financial officer at Kohl’s.
Read more on Kohl’s ecommerce sales here.
Target Corporation (No. 5)
Q3 2025 net sales: Target Corporation net sales fell 1.5% year over year to $25.3 billion in its fiscal third quarter ended Nov. 1. Despite Target’s ongoing struggles, online sales for the retailer still managed to increase 2.4% year over year during the quarter.
Read more on Target’s online sales here.
Walmart Inc. (No. 2)
Q3 2026 total revenue: Walmart Inc.’s total revenue grew 5.8% year over year to $179.5 billion in its fiscal third quarter ended Oct. 31. During its Q3, Walmart online sales increased 27% year over year, marking 14 straight quarters of at least 10% growth.
Read more on Walmart’s ecommerce earnings here.
Urban Outfitters Inc. (No. 28)
Q3 2026 net sales: Urban Outfitters Inc. reported that net sales increased 12.3% year over year to $1.53 billion in its fiscal third quarter ended Oct. 31. The retailer, whose brands include Anthropologie, Free People, FP Movement, Urban Outfitters and Nuuly, recorded “mid single-digit positive growth” year over year for both its retail store sales and digital channel sales. Francis Conforti, the chief operating officer and co-president at Urban Outfitters, shared during an earnings call that digital sales growth slightly outpaced in-store sales.
“We are pleased to report record revenues, profits, and earnings per share for the quarter,” said Richard Hayne, CEO at Urban Outfitters. “Trends observed last quarter have remained consistent with broad-based comparable sales growth and robust results in the Retail, Subscription, and Wholesale segments.”
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- Academy of Sports + Outdoors: Dec. 9
- AutoZone: Dec. 9
- GameStop: Dec. 9
- Chewy: Dec. 10
- Adobe: Dec. 10
- Lovesac: Dec. 11
- Costco: Dec. 11
- Lululemon Athletica: Dec. 11
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