The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 Database.
Lululemon Athletica Inc.’s net revenue and digital sales grew year over year. Even so, its CEO announced his upcoming departure in January 2026. In the meantime, Academy Sports and Outdoors recorded double-digit ecommerce sales growth year over year. Its overall net sales were up 3.0%.
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
- Lululemon Athletica Q3 net revenue increased by 7.1% year over year as CEO Calvin McDonald revealed he would step down.
- Academy Sports and Outdoors ecommerce sales growth outpaced net sales growth of 3.0% year over year in its Q3.
Academy Sports and Outdoors Inc. (No. 156)
Q3 2025 net sales: Academy Sports and Outdoors Inc. reported a net sales increase of 3.0% year over year to $1.38 billion in its fiscal Q3 ended Nov. 1. Over the same period, ecommerce sales grew by 22.2%.
Steven Lawrence, the CEO and director at Academy, told investors that the retailer saw elevated digital activity from customers shopping at new stores. He credited the retailer’s use of omnichannel services. Academy opened 11 new stores during its third quarter.
“As we mentioned on our previous calls, we believe that our new store growth is one of the things that helps fuel our dot-com business by acting as local fulfillment hubs for customers who want the convenience of a BOPIS [buy online, pick up in store] experience,” Lawrence explained.
In addition, he said that Academy is “laser-focused on getting new customers into our digital ecosystem.”
Chewy Inc. (No. 9)
Q3 2025 net sales: Chewy Inc. said net sales increased by 8.3% year over year to $3.12 billion in its fiscal Q3 ended Nov. 2. Meanwhile, Chewy sales from its Autoship program grew by 13.6% over the same period, totaling $2.61 billion.
Read more on Chewy’s quarter sales here.
Costco Wholesale Corporation (No. 7)
Q1 2026 net sales: Costco Wholesale Corporation reported net sales growth of 8.2% year over year to $65.98 billion in its fiscal Q1 ended Nov. 22. Digitally enabled sales during the period were up 20.5% from a year earlier.
Read more on Costco’s ecommerce sales here.
The Lovesac Company (No. 395)
Q3 2026 net sales: The Lovesac Company recorded net sales growth of 0.2% year over year to $150.2 million in its fiscal Q3 ended Nov. 2. Nevertheless, the company recorded a net loss of $10.6 million for the quarter. Its omnichannel comparable net sales fell by 1.2%, and internet sales were down 16.9% from a year ago.
How Lovesac is using AI: Mary Fox, the president and chief operating officer at Lovesac, shared during an earnings call that the home furnishings retailer has been investing in artificial intelligence (AI) for search and content creation.
“The website is our single biggest and most accessible store, and we have been aggressively updating and adapting our approach following the reorganization of the marketing and ecommerce teams in September and the rebuilding of our marketing playbook,” Fox told investors. She said Lovesac’s work on its site was “supported by a strengthened media and advertising strategy.”
The retailer’s digital presence during the quarter included “new NBA placements through Fan Connect and Reddit product ads,” she stated. That included “Roku, Showcase and Pause formats,” as well as “reinforced YouTube content and keyword alignment, expanded programmatic reach.” She said Lovesace was supporting these efforts with “activated AI-powered search optimization.”
Fox noted that the efforts accompanied improved momentum during the Cyber 5. She also cited the “strongest Cyber Monday in our history.”
Lululemon Athletica Inc. (No. 24)
Q3 2025 net revenue: Lululemon Athletica Inc. saw net revenue rise by 7.1% year over year to $2.6 billion in its fiscal Q3 ended Nov. 2. Meghan Frank, chief financial officer at Lululemon, shared during an earnings call that revenue from the apparel brand’s digital channel “increased 13% and contributed $1.1 billion of top line or 42% of total revenue.”
That growth came as Lululemon’s net revenue in the Americas fell by 2% year over year and international net revenue increased by 33%.
Lululemon CEO Calvin McDonald steps down: During Lululemon’s Q3 earnings call, CEO Calvin McDonald announced that he would leave the position, effective Jan. 31, 2026.
“In my conversations with the board, we carefully considered what’s ahead for the company and for my own journey,” McDonald stated. “Together, we agreed that the timing is right for a change as we near the end of our 5-year plan cycle.”
The announcement came amid business struggles, as well as reported pressure from Lululemon’s board and Chip Wilson, its founder.
Other recent ecommerce earnings results
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.
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 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.
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.
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.
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.”
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.
Ecommerce earnings calendar
Here’s when other ecommerce earnings are scheduled to report this quarter:
- Birkenstock Holding: Dec. 18
- FedEx: Dec. 18
- Nike: Dec. 18
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