Ecommerce earnings recap: What you missed from Movado

The latest ecommerce earnings results are out from retailers in Digital Commerce 360’s Top 2000 database. Movado Group net sales grew 3.2% in its fiscal fourth quarter. Still, the company saw declines for its full year, noting uncertainty surrounding tariffs and adjusted marketing priorities.

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

Movado Group net sales were up 3.2% year over year in its fiscal Q4.
Albertsons digital sales grew 24% year over year in its fiscal Q4 and full year.

Albertsons Companies, Inc. (No. 19)

Q4 2024: Albertsons Companies, Inc. recorded an increase in net sales of 2.5% year over year to reach $18.8 billion in its fiscal fourth quarter that ended Feb. 22. The grocer said digital sales were up 24% year over year in both its fiscal fourth quarter and full year.

Read more on Albertsons digital sales here.

Movado Group, Inc. (No. 262)

Q4 2025: Movado Group, Inc. reported a net sales increase 3.2% year over year to $181.5 million in its fourth fiscal quarter ended Jan. 31. However, net sales for Movado’s full fiscal year fell 1.7% to $653.4 million. The company credited growth in its international wholesale channels and online retail in both cases. Nevertheless, it also noted declines for wholesale specifically at U.S. physical stores, as well as at Movado Company Stores.

“Given the ongoing uncertainty within the global retail environment, tariffs, and economic unrest that may ensue, we will continue to focus on the areas that we can control,” said Efraim Grinberg, chairman and CEO at Movado. “We have always prided ourselves on strong execution, delivering innovation for our customers and brands, and driving demand through effective marketing messaging across our brand portfolio.”

Grinberg told analysts on the company’s earnings call that Movado would “focus a greater preponderance of” its marketing in the current year toward digital venues as it reduces overall marketing spending. The move follows Movado’s decision in late 2024 to reduce “the number of promotional events in which the Movado brand was available in order to prevent — to preserve the brand image and integrity,” he explained.

“As the year progresses, we intend to make every effort to protect our gross margin in the U.S., taking into account the current incremental tariff rates of 10% for all global imports and over 100% on the Chinese bracelets or leather straps that are component of our fashion watches,” Grinberg stated. “U.S. sales in our fashion watches and jewelry represent approximately 20% of our overall fashion watch sales. We’re in the process of developing plans to help us mitigate some of the cost increases deriving from increased U.S. tariffs through partnering with our vendors and customers and implementing selective price increases. Of course, there continues to be uncertainty with regards to the final tariff rates, when and if they are ultimately implemented.”

Other recent ecommerce earnings results

Alibaba Group Holding Limited

Q3 2025: Alibaba Group Holding Limited recorded a year-over-year revenue increase of 7.6% to $38.4 billion in its fiscal third quarter. Revenue at Alibaba’s international B2B ecommerce segment, Alibaba International Digital Commerce Group (AIDC), was up 32% over the same period.

Amazon.com, Inc. (No. 1)

Q4 2024: Amazon, Inc. reported Q4 sales increased 10.5% year over year to reach $187.8 billion in its fiscal fourth quarter that ended Dec. 31. Of those sales, $115.6 billion came from North America.

The Home Depot, Inc. (No. 4)

Q4 2024: The Home Depot, Inc. said net sales grew 14.1% year over year in its fiscal Q4 ended Feb. 2, to reach $39.7 billion. 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. Full-year 2024 results, which the Hardware & Home Improvement retailer also reported, were up 4.5% year over year to $159.5 billion.

Levi Strauss & Co. (No. 156)

Q1 2025: Levi Strauss & Co. said its net revenue was up 3.2% year over year to $1.5 billion in its first fiscal quarter ended March 2. Direct-to-consumer sales, which include ecommerce, made up 52% of its total global net revenue for the period.

The Lovesac Company (No. 390)

Q4 2025: The Lovesac Company reported its net revenue declined 3.6% year over year to $241.5 million for its fiscal fourth quarter ended Feb. 2. Net revenue for the full fiscal year was up 7.9% from a year earlier to $3.0 billion. Online sales were down more sharply, falling 9.7% over the same period to $70.5 million.

For Lovesac’s full 2025 fiscal year, net sales fell 2.8% from the previous year to $680.6 million. Its digital sales for the year were down 1.7% to $196.3 million.

Recapping the fiscal year, Lovesac CEO Shawn Nelson touted supply chain and customer relationship management (CRM) investments.

“We strengthened the foundations of our business having reinvented our supply chain and dramatically enhanced our CRM tools to deepen and broaden the moat around our unique omnichannel business model,” said Nelson. “We believe these strategic actions and developments position us well to profitably scale our brand and business for years to come.”

Lovesac is not alone as an online furniture retailer facing tariff challenges. However, Nelson stated during Lovesac’s earnings call that it has “a very healthy balance sheet, which gives us substantial flexibility to weather tariff distractions, accelerate growth and enhance returns on capital for years to come.”

“We have made significant progress in recent years to diversify our countries of origin and establish redundancy of each product across multiple countries in order to have options,” Nelson said. “Prior to the recent news, our country of origin estimates for fiscal ’26 were Vietnam, about 50%, Malaysia, about 28%, China down to 13%, and Indonesia about 6%.”

Nelson assessed that Lovesac has “numerous ways to structurally manage through various tariff scenarios” but needs “to be careful not to implement these in a knee-jerk manner that could confuse our customers and damage the brand.”

Target Corporation (No. 5)

Q4 2024: Target Corporation reported a 3.1% decline in net sales year over year. That’s down to $30.9 billion in its fiscal fourth quarter ended Feb. 1. That retailer’s digital comparable sales grew 8.7% in its Q4 as comparable sales overall rose 1.5% from a year prior. For the full year, net sales decreased 0.1%.

“Results were led by strong performance in Beauty, Apparel, Entertainment, Sporting Goods and Toys,” said Brian Cornell, chair and chief executive officer at Target, in an earnings release. “As we look ahead, our continued investments in digital capabilities, stores and supply chain — combined with a focus on newness, value, speed and reliability — will further differentiate our one-of-a-kind physical and digital shopping experience.”

Tesco Plc (No. 10 in Europe database)

FY 2024-2025: Tesco Plc recorded an increase in group sales of 4.0% year over year to $84.0 billion (£63.6 billion) in its full fiscal 2024-2025 ended Feb. 22. The company recorded a 10.2% increase year over year in online sales for its UK business, which it attributed to growth in orders per week.

“We have invested in bringing great prices to our customers throughout the year, and continued to innovate with over 1,600 new or improved products including 400 new Finest lines, where overall sales grew 15%,” said Ken Murphy, chief executive at Tesco. “We are also making significant progress on our long-term growth opportunities, further enhancing our digital capabilities with increased personalization, further improvements to our online experience and an expanded retail media offering.”

In addition, Tesco shared that Tesco Marketplace, which launched in 2024, has attracted more than 400,000 third-party products in its homeware, furniture and electronics categories.

Walmart, Inc. (No. 2)

Q4 2025: Walmart, Inc.’s revenue grew 4.1% year over year to $180.6 billion in its fiscal Q4 ended Jan. 31. That’s a 4.1% increase over the same period in its fiscal 2024. During the period, online sales accounted for 18% of total sales for the Mass Merchant.

Ecommerce earnings calendar

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

Helen of Troy: April 24
Keurig Dr Pepper: April 24
Beyond: April 28
Revolve Group: May 6

Do you rank in our databases?

Submit your data and we’ll see where you fit in our next ranking update.

Sign up

Stay on top of the latest developments in the ecommerce industry. Sign up for a complimentary subscription to Digital Commerce 360 Retail News. Follow us on LinkedIn, Twitter and Facebook. Be the first to know when Digital Commerce 360 publishes news content.

Favorite