The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 1000 Database. Highlights included updated guidance from Dick’s Sporting Goods. Meanwhile, J.Jill boosted direct-to-consumer net sales by 3.6% while overall net sales fell 0.9% year over year. Read more ecommerce earnings coverage here.
Parentheses indicate the merchant’s ranking in the Top 1000, unless otherwise stated. The database ranks North America’s largest ecommerce retailers by their annual web sales.
This week’s ecommerce earnings takeaways
- Dick’s Sporting Goods updated guidance, showing a 7.8% net sales increase year over year.
- J. Jill said direct-to-consumer sales, which were up 3.6% in the quarter, accounted for 47.1% of its net sales overall, showing the value of ecommerce in its earnings.
Big Lots (No. 237)
Q2 2024: Big Lots, Inc. announced on Sept. 6 that it would postpone the earnings and financial results release for its second fiscal quarter that ended Aug. 3. The retailer later announced on Sept. 9 that it has filed for Chapter 11 bankruptcy as it pursues a deal to be acquired by an affiliate of Nexus Capital Management LP.
Dick’s Sporting Goods (No. 31)
Q2 2024: Dick’s Sporting Goods, Inc. reported that net sales increased 7.8% year over year, reaching $3.47 billion in its fiscal second quarter ended Aug. 3. The retailer also raised its full-year guidance for 2024, updating its comparable sales growth to a range of 2.5% to 3.5%. The previous guidance range had been 2.0% to 3.0%.
During its quarterly earnings call, Dick’s executives highlighted the role technology investments are playing as the company works to speed up access to products and improve service in stores, as well as online.
“The technology investments that are allowing us to provide a very differentiated level of service to our athletes when they walk into our store or the technology investment that is making our website, so much more functional, those are the core areas of investment that we are leaning into to continue to position our business for 2025 and beyond in a very differentiated way,” said executive vice president and chief financial officer Navdeep Gupta during the call.
Guess, Inc. (No. 176)
Q2 2025: Guess, Inc. recorded a net revenue increase of 10% to $732.6 million in its fiscal second quarter that ended Aug. 3. Revenue in the Americas was up 8%.
Read more about Guess earnings here.
J.Jill (No. 314)
Q2 2024: J.Jill, Inc. said its net sales fell 0.9% year over year to $155.2 million in its fiscal second quarter that ended Aug. 3. Direct-to-consumer net sales, which made up 47.1% of net sales for J.Jill, grew 3.6% during the same period.
“While we have seen changes in consumer behavior during the summer months, which has extended into the start of the third quarter and reflected in our updated guidance, we are continuing to operate the business with great discipline and continue to realize healthy margin performance and deliver significant cash flow generation,” said Claire Spofford, president and chief executive officer at J.Jill, in the earnings release. “We remain focused on delivering against our long-term objectives as we continue to advance our strategic initiatives focused on increasing brand awareness, strengthening our omnichannel capabilities and enhancing the overall customer experience, which we believe will position J.Jill for long-term sustainable growth.”
Sportsman’s Warehouse (No. 346)
Q2 2024: Sportsman’s Warehouse Holdings, Inc. recorded a net sales decline of 6.7% year over year to $288.7 million in its fiscal second quarter ended Aug. 3. The retailer also saw a net loss of $5.9 million for the quarter, larger than the $3.3 million loss it experienced a year earlier.
“While we were more aggressive with our promotional activities during the quarter, our core customer remains firmly under pressure due to the difficult macroenvironment and pullback in discretionary spending,” said Paul Stone, president and CEO of Sportman’s Warehouse, in its earnings announcement. “We will continue to carefully manage the business and find ways to take non-customer facing costs out of the business.”
Other recent ecommerce earnings results
Abercrombie & Fitch, Inc. (No. 44)
Q2 2024: Abercrombie & Fitch, Inc. reported that net sales increased 21% year over year, totaling $1.1 billion in its fiscal second quarter that ended Aug. 3. Net sales in the Americas led for the quarter, up 23% during the same period.
“Although we continue to operate in an increasingly uncertain environment, we remain steadfast in executing our global playbook and maintaining discipline over inventory and expenses,” said Fran Horowitz, CEO at Abercrombie & Fitch. “We are on track and confident in our goal to deliver sustainable, profitable growth this year, while making strategic long-term investments across marketing, digital and technology and stores to enable future growth.”
Alibaba Group Holding Limited
Q1 2025: Alibaba reported a 4% revenue increase year over year to $33.5 billion in its fiscal first quarter ended June 30, 2024. During the same period, net income dropped 27% to $3.31 billion.
Alibaba owns the world’s two largest online marketplaces by gross merchandise value (GMV), Taobao and Tmall. Taobao ranks No. 1 in the Global Online Marketplaces Database, Digital Commerce 360’s ranking of the largest such marketplaces by third-party GMV. Tmall ranks No. 2. Both operate in China.
Read more on Alibaba’s earnings here.
Amazon.com Inc. (No. 1)
Q2 2024 earnings: Amazon net sales increased 10% year over year to $148.0 billion during its second fiscal quarter, which ended June 30.
It ranks No. 1 in the Top 1000, Digital Commerce 360’s ranking of the largest North American online retailers. Amazon is also No. 3 in Digital Commerce 360’s Global Online Marketplaces Database, which ranks the 100 largest such marketplaces by third-party gross merchandise value (GMV).
Read more on Amazon’s earnings results here.
American Eagle Outfitters, Inc. (No. 40)
Q2 2024: American Eagle Outfitters, Inc. said net revenue rose 8% year over year to reach $1.3 billion during its fiscal second quarter ended Aug. 3. While store revenue was up 7% for the period, American Eagle’s digital revenue grew 12% year over year.
“Our Powering Profitable Growth strategy is off to a great start, locking in a strong first half and setting us on track to achieve the high end of our prior operating profit outlook for 2024,” said Jay Schottenstein, American Eagle’s executive chairman of the board and CEO at American Eagle. “The second quarter marked our sixth consecutive quarter of record revenue and we successfully leveraged our cost base — advancing a number of strategic priorities to fuel growth across brands and channels and drive operating efficiencies.”
Best Buy (No. 8)
Q2 2024: Best Buy Co., Inc. recorded a 3% year-over-year drop in enterprise revenue, which totaled $9.3 billion in its fiscal second quarter ended July 29. Online sales were down 1.6% during the same period.
Read more on Best Buy’s earnings here.
Chewy, Inc. (No. 12)
Q2 2024: Chewy, Inc. said net sales were up 2.6% year over year to $2.86 billion in its fiscal second quarter that ended July 28.
“These top-line results demonstrate the predictability and durability of our business model even in a normalizing market,” said David Reeder, chief financial officer at Chewy, during the online pet supplies retailer’s most recent earnings call. “Active customers grew modestly on a sequential basis to approximately 20.0 million.”
Read more on Chewy’s earnings here.
The Home Depot Inc. (No. 4)
Q2 2024: Home Depot said its total sales grew 0.6% year over year to $43.2 billion in its second quarter of 2024 ended June 28. Meanwhile, online sales were up 4% compared with the same quarter a year ago.
Read more on Home Depot’s earnings here.
The Gap, Inc. (No. 20)
Q2 2024: The Gap, Inc. reported that net sales grew 5% year over year to $3.7 billion for its fiscal second quarter that ended Aug. 3. Year-over-year online sales growth led other categories. They increased 7% and accounted for 33% of total net sales.
“In comparison to where we were only one year ago, we are in a stronger position across key metrics that matter — including net sales, margins, and our cash position — and we are making consistent progress in the reinvigoration of our brands,” said Richard Dickson, president and chief executive officer at Gap Inc. “These results are a reflection of the dedication and collaboration of our global team, reinforcing my confidence that we are well on our way to unlocking the full potential of this extraordinary portfolio of iconic American brands.”
Among the company’s brands, comparable sales were up 5% at Old Navy and 3% at Gap year over year. Meanwhile, Banana Republic remained flat, and Athleta sales were down 3%.
Lululemon Athletica, Inc. (No. 25)
Q2 2024: Lululemon Athletica, Inc. said net revenue increased 7% year over year to $2.4 billion during its fiscal second quarter ended July 28. The apparel retailer’s international comparable sales were up 19% for the period. That compares with 3% growth in the Americas.
“Earnings per share exceeded our expectations in the second quarter, driven by better-than-expected gross margin expansion and disciplined execution,” said Meghan Frank, chief financial officer at Lululemon, in the company’s earnings announcement. “As we enter the back half of the year, we remain focused on executing on our near-term priorities, while strategically investing for long-term growth.”
Nordstrom, Inc. (No. 22)
Q2 2024: Nordstrom recorded a 3.4% increase in net sales year over year, reaching $3.8 billion in its fiscal second quarter that ended Aug. 3. Digital sales represented 37% of total sales for the retailer. That’s up from 36% a year earlier.
“Our second-quarter results were solid, and we’re encouraged by the continued topline strength in both banners and the progress we’re making to expand gross margin and increase profitability,” said Erik Nordstrom, CEO at Nordstrom, Inc. “We’re confident in our outlook for the remainder of the year and look forward to sustaining the momentum we’ve built as we execute on our 2024 priorities.”
He also noted in Nordstrom’s earnings call that digital sales alone continued to see momentum with “net sales growth of 6%.”
Target Corp. (No. 5)
Q2 2024: Target reported that total sales increased 2.6% year over year to reach $25 billion in its second fiscal quarter of 2024 ended Aug. 3. Digital sales alone grew 8.7% during the same period.
Read more on Target’s earnings results here.
Walmart Inc. (No. 2)
Q2 2025: Walmart recorded a 4.8% increase in consolidated revenue year over year. It brought in $169.34 billion for its fiscal second quarter of 2025 ended July 31.
Read more on Walmart’s earnings here.
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- Academy Sports + Outdoors: Sept. 10
- Vera Bradley: Sept. 11
- Caleres: Sept. 12
- Costco Wholesale: Sept. 26
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