The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 1000 and Europe databases. Walgreens Boots Alliance posted a 7.5% increase in sales year over year, sparking executive optimism as its CEO pushes forward with turnaround plans. In the U.K., mass merchant Tesco credited record levels of digital engagement, sharing that its online sales grew 10.8% year over year during its combined third quarter and Christmas season. 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
- Walgreens Boots Alliance increased sales 7.5% year over year to $39.5 billion in its third quarter.
- Tesco’s online sales rose 10.8% year over year during its third quarter and six-week Christmas period.
Albertsons, Inc. (No. 19)
Q3 2024: Albertsons, Inc. recorded a 1.2% increase year over year in net sales and other revenue of $18.8 billion for its fiscal third quarter ended Nov. 30. Digital sales grew at a rate nearly 20 times that of net sales and other revenue during the period.
Read more on Albertsons’ ecommerce earnings here.
Tesco Plc (No. 10 in Europe database)
Q3 2024-2025: Tesco Plc said group sales increased 4% year over year to $29.2 billion (£23.9 billion) during its fiscal third quarter ended Nov. 23. The company also reported a 3.8% increase year over year in sales during its Christmas season, which encompassed the six weeks leading up to Jan. 6.
The retail chain cited a “record level of digital engagement” for the combined quarter and holiday season, fueled by personalized “Clubcard Challenges” that it showed to 10 million customers. Tesco saw online sales rise 10.8% year over year for quarter and season. In addition, it counted 1.2 million orders placed through its same-day delivery Tesco Whoosh service during the Christmas period.
“Our strong performance reflects the investments we have made, positioning Tesco as the U.K.’s cheapest full-line grocer for over two years, improving quality across all our ranges, with more than half of this year’s Christmas range new or improved, and providing the best experience for our customers in-store and online, supported by an extra 28,000 colleagues over the Christmas period,” said Ken Murphy, CEO at Tesco, in its earnings release.
Walgreens Boots Alliance, Inc. (No. 14)
Q1 2025: Walgreens Boots Alliance, Inc. reported that sales grew 7.5% year over year to $39.5 billion in its first fiscal quarter ended Nov. 30. During its earnings call, the company noted gains, including a 23% rise in sales year over year at Boots.com in the U.K. Meanwhile, Tim Wentworth, CEO at Walgreens Boots Alliance, touted “virtual care in 30 states, available to nearly 90% of the U.S. population.”
Still, Walgreens remains in mid-turnaround, showing a loss per share of $0.31, compared to a loss per share of $0.08 one year ago.
“Our first quarter results reflect our disciplined execution against our 2025 priorities: stabilizing the retail pharmacy by optimizing our footprint, controlling operating costs, improving cash flow and continuing to address reimbursement models,” said Wentworth in a released statement. “While our turnaround will take time, our early progress reinforces our belief in a sustainable, retail pharmacy-led operating model.”
Other recent ecommerce earnings results
Alibaba Group Holding Limited
Q2 2025: Alibaba reported revenue of $33.7 billion. That’s a 5% year-over-year increase, and a net income of $6.32 billion.
“Alibaba’s international digital commerce revenue growth remained robust, while cloud revenue, excluding our consolidated subsidiaries, grew steadily, supported by an increasing contribution from AI products,” CEO Eddie Wu shared with analysts. “We’ve enhanced operational efficiency, strengthened monetization capabilities, and improved the performance of our loss-making businesses across segments.”
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 GMV. Tmall ranks No. 2. Both platforms operate in China and primarily serve the Chinese market. Among Alibaba’s other marketplaces is the global B2B marketplace Alibaba.com.
Read more on Alibaba’s ecommerce earnings here.
Amazon.com, Inc. (No. 1)
Q3 2024: Amazon.com, Inc. reported an 11% increase in net sales, reaching $158.9 billion for its fiscal third quarter ended Sept. 30. That’s up from $143.1 billion in Q3 2023. Operating income grew year over year to $17.4 billion from $11.2 billion. Meanwhile, net income increased to $15.3 billion, compared to $9.9 billion in Q3 2023.
During the Q3 earnings call, CEO Andy Jassy said Amazon’s Stores business saw a 9% year-over-year sales increase in North America. Sales were also up 12% internationally.
“At a time when consumers are being careful about how much they spend, we’re continuing to lower prices and ship even more quickly, and we can see this resonating with customers as our unit growth continues to be strong and outpace even our revenue growth,” Jassy said.
On the technology front, Amazon introduced AI-driven features to help improve both customer and seller experiences. This included the expansion of Rufus, its generative AI shopping assistant, to international markets such as Canada and the U.K. The company also launched AI Shopping Guides to simplify product research by merging category insights with its catalog. For sellers, it unveiled Project Amelia, offering tailored business insights to boost productivity.
Ahead of the holiday season, Amazon plans to hire 250,000 U.S. employees. CEO Andy Jassy highlighted major upcoming initiatives. Those included “tens of millions of deals,” an NFL Black Friday game, and more than 100 new cloud and AI features.
Read more on Amazon’s ecommerce earnings here.
Costco Wholesale Corp. (No. 7)
Q1 2025: Costco Wholesale Corp. said net sales grew 7.5% year over year to $61.o billion in its first fiscal quarter that ended Nov. 24. Gary Millerchip, the chief financial officer at Costco, said that hardware, sporting goods, home furnishings and gift cards each saw double-digit ecommerce sales increases from a year earlier.
Read more on Costco’s ecommerce earnings here.
JCPenney (No. 38)
Q3 2024: Penney Intermediate Holdings LLC reported that net sales declined 8.0% year over year to $1.4 billion in its third fiscal quarter ended Nov. 2. JCPenney saw its net loss shrink by 43.3% from a year earlier to $17 million. In the meantime, the retailer’s report for the quarter showed that rewards program signups increased 25% year over year.
JCPenney hopes to see its “Really Big Deal” promotions launched in September for Thursday Night Football result in 2 million new customers, thanks to partnerships with celebrities including Shaquille O’Neal, Gabrielle Union, Walker Hays, Martha Stewart and Jenny Martinez.
Editor’s note: JCPenney announced plans on Jan. 8 to merges with SPARC Group and form the new entity Catalyst Brands.
The Home Depot, Inc. (No. 4)
Q3 2024: The Home Depot Inc. reported $40.22 billion in net sales for its fiscal third quarter ended Oct. 27, 2024. That’s up 6.6% from $37.71 billion during the same period in 2023. However, sales declined from $43.2 billion in the previous quarter.
The home improvement retailer saw online sales grow 4% year over year, with nearly half of all online orders fulfilled through stores, said Billy Bastek, executive vice president of merchandising, during the company’s earnings call.
The Home Depot Inc. ranks No. 4 in the Top 1000 Database, Digital Commerce 360’s ranking of the largest online retailers in North America. It’s also the top-ranked retailer in the Top 1000’s Hardware & Home Improvement category. Digital Commerce 360 projects that Home Depot’s web sales in 2024 will reach $23.6 billion. That would be 4.5% growth over its 2023 online sales.
Read more on Home Depot’s ecommerce earnings here.
Nike, Inc. (No. 9)
Q2 2025: Nike, Inc. recorded a revenue drop of 7.7% year over year to $12.4 billion during its second fiscal quarter ended Nov. 30. That was accompanied by a 13% drop in Nike Direct revenue over the same period.
Read more on Nike’s ecommerce earnings here.
Scholastic Corporation (No. 106)
Q2 2025: Scholastic Corporation reported a revenue decrease of 3.2% year over year to $544.6 million in its second fiscal quarter that ended Nov. 30. The retailer and publisher cited “timing-related factors” in its Children’s Book Publishing and Distribution segment, but shared investments that it is making in the distribution of its media properties.
“We executed on an integrated development and production slate, including digital-first growth opportunities, and expanded the reach and monetization of Scholastic IP on advertising-supported platforms leveraging 9 Story’s distribution capabilities,” said Peter Warwick, president and chief executive officer at Scholastic.
In addition, the company sees YouTube as a continuing opportunity to reach young audiences while exploring other channels.
“Last quarter, we added to our content available on digital platforms, including classic Scholastic franchises such as Goosebumps, which is driving increased viewership and revenues,” Warwick explained on Scholastic’s earnings call. “In summary, we remain very optimistic about Scholastic’s long-term opportunity to build and grow beloved Children’s franchises on page and on-screen, supported by our integrated Scholastic Entertainment team, which is nimbly navigating a dynamic entertainment sector.”
Target Corporation (No. 5)
Q3 2024: Target Corporation recorded a 0.9% increase in total sales year over year, reaching $25.2 billion in its fiscal third quarter ended Nov. 2.
Meanwhile, online sales were up 10.8% year over year as same-day delivery grew nearly 20%. Read more on Target’s ecommerce earnings here.
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- Levi Strauss & Co: Jan. 23
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