---
title: "Q3 2020 Results for 24 Retailers Including Walmart, Costco, Carrefour, Suning, Yonghui, etc."
description: "US Walmart reported Q3 2020 revenue of $134.708 billion, up 5.2% year-over-year, with US comp sales up 6.4% and e-commerce up 79%. Costco reported Q1 FY2021 revenue of $43.21 billion, up 16.9%. European Carrefour reported Q3 group sales of €19.69 billion, up 8.4%. Asian Suning reported Q3 revenue of RMB 62.437 billion, down 4.58%."
author: "全球企业动态"
publisher: "New Distribution"
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published: "2020-12-24"
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# Q3 2020 Results for 24 Retailers Including Walmart, Costco, Carrefour, Suning, Yonghui, etc.

> US Walmart reported Q3 2020 revenue of $134.708 billion, up 5.2% year-over-year, with US comp sales up 6.4% and e-commerce up 79%. Costco reported Q1 FY2021 revenue of $43.21 billion, up 16.9%. European Carrefour reported Q3 group sales of €19.69 billion, up 8.4%. Asian Suning reported Q3 revenue of RMB 62.437 billion, down 4.58%.

**United States**
Walmart reported Q3 2020 results. Revenue was $134.708 billion, up 5.2% year-over-year. US comp sales increased 6.4%, and US e-commerce sales grew 79%. Sam's Club comp sales increased 11.3%, with e-commerce sales up 41% and membership income up 10.4%. Net income attributable to shareholders was $5.135 billion, up 56.2%.
Costco reported Q1 FY2021 financial results. Quarterly total revenue was $43.21 billion, up 16.9% year-over-year. Net sales were $42.35 billion, up 16.7%. Net income attributable to shareholders was $1.166 billion, up 38.2%. US comp sales increased 14.6%; Canada comp sales increased 16.2%; international comp sales increased 18.7%; e-commerce sales increased 86.4%.
Walgreens Boots Alliance reported Q4 and full-year results for the period ended August 31, 2020. Q4 sales were $34.746 billion, compared to $33.954 billion in the prior year. Quarterly net income was $373 million, compared to $677 million in the prior year. Full-year sales were $139.537 billion, compared to $136.866 billion in the prior year. Full-year net income was $456 million, compared to $3.982 billion in the prior year.
Home Depot reported Q3 2020 results. Net sales were $33.536 billion, up 23.2% year-over-year. Profit was $3.432 billion, up 23.9%. Comp sales increased 24.1%, with US comp sales up 24.6%.
The Kroger Co. reported Q3 FY2020 results for the period ended November 7. Quarterly sales were $29.7 billion, compared to $28.0 billion in the prior year. Net income was $631 million, compared to $263 million in the prior year.
Target reported Q3 2020 results. Quarterly total revenue was $22.632 billion, up 21.3% year-over-year. Net income was $1.014 billion, up 41.9%. Overall comparable sales increased 20.7%, comparable traffic increased 4.5%, same-store sales increased 9.9%, and digital comparable sales increased 155%.
Lowe's reported Q3 2020 results. Quarterly sales were $22.309 billion, up 28.3% year-over-year. US home improvement comparable sales increased 30.4%, and Lowes.com sales increased 106%. Net income was $692 million, down 34%.
Best Buy reported Q3 fiscal results. Revenue was $11.853 billion, compared to $9.764 billion in the prior year, up 21.4%. US domestic revenue was $10.85 billion, up 21%. US domestic online revenue was $3.82 billion, up 173.7%. International revenue was $1.0 billion, up 25.4%. Net income was $391 million, compared to $293 million in the prior year, up 33.4%.
Dollar General reported Q3 FY2020 results for the period ended October 30. Quarterly net sales were $8.2 billion, compared to $7.0 billion in the prior year. Net income was $575 million, compared to $366 million in the prior year.
Dollar Tree reported Q3 FY2020 results for the period ended October 31. Quarterly net sales were $6.18 billion, compared to $5.75 billion in the prior year. Net income was $330 million, compared to $256 million in the prior year.
Macy's reported Q3 2020 results. Revenue was $3.99 billion, down 22.9% year-over-year. Net loss was $91 million, compared to net income of $2 million in the prior year. Q3 same-store sales declined 21%.
Nordstrom reported Q3 FY2020 results for the period ended October 31. Quarterly total revenue was $3.089 billion, compared to $3.672 billion in the prior year. Net income was $53 million, compared to $126 million in the prior year.
Bed Bath & Beyond reported Q2 FY2020 financial results for the period ended August 29. Net sales decreased approximately 1% to $2.7 billion, partly due to the divestiture of One Kings Lane. Comparable sales increased 6%, with digital channel comparable sales up 89%. Net income was $218 million, compared to a net loss of $139 million in the prior year. Adjusted EBITDA increased 36% to $199 million.
**Europe**
Carrefour reported Q3 2020 results. Q3 group sales were €19.69 billion ($24.1 billion), up 8.4% year-over-year. France sales were €9.676 billion, Europe €5.813 billion, Latin America €3.614 billion, and Asia €587 million.
UK retailer Tesco PLC reported H1 FY2020/21 results for the period ended August 29, 2020. Group sales were £26.7 billion ($36.1 billion), compared to £25.0 billion in the prior year. Revenue was £28.7 billion, compared to £28.5 billion in the prior year. Operating profit was £1.0 billion, compared to £1.054 billion in the prior year.
Ahold Delhaize reported Q3 2020 results. Quarterly net sales were $17.826 billion, compared to $16.689 billion in the prior year. Net income was $68 million, compared to $453 million in the prior year.
IKEA reported full-year FY2020 results for the period ended August 31: total sales (including product sales and service revenue to IKEA customers) across its 445 global stores and e-commerce reached €39.6 billion ($48.5 billion), a slight decline of 4% compared to €41.3 billion in the prior year. Excluding the impact of temporary store closures, adjusted comparable sales were flat year-over-year. In FY2020, IKEA opened 33 new stores, and total footfall in physical stores was 825 million. E-commerce sales increased 45% year-over-year, accounting for 15% of total retail sales.
Consumer electronics retailer CECONOMY AG reported Q4 and full-year results for FY2019/20. Q4 sales were €5.271 billion ($6.46 billion), compared to €4.996 billion in the prior year. Full-year sales were €20.831 billion, compared to €21.455 billion in the prior year.
UK retail giant Marks & Spencer (M&S) reported a pre-tax loss of £87.6 million and after-tax loss of £71.6 million for the half-year ended September 26, impacted by the pandemic. This is its first loss since becoming a public company in 1926. Revenue declined 16% to £4.0 billion ($5.4 billion).
**Asia**
Japanese retail giant AEON CO., LTD. reported H1 FY2020 results (March-August). Revenue was ¥4,270.5 billion ($41.3 billion), compared to ¥4,290.2 billion in the prior year. Operating profit was ¥33.9 billion, compared to ¥86.3 billion in the prior year. Net loss was ¥57.6 billion, compared to net income of ¥3.8 billion in the prior year.
Seven & i Holdings Co, parent of 7-Eleven, reported H1 FY2020 results (March-August). Revenue was ¥2,788.4 billion ($27.0 billion), down 15.8% from ¥3,313.2 billion in the prior year. Operating profit was ¥179.7 billion, down 12.4% from ¥205.1 billion. Net income was ¥72.5 billion, down 34.5% from ¥110.6 billion.
Suning.com released Q3 financial report. For the first nine months of 2020, revenue was RMB 180.861 billion, down 10.02% year-over-year. Net income attributable to shareholders was RMB 547 million, down 95.4%. Q3 revenue was RMB 62.437 billion ($9.55 billion), down 4.58% year-over-year. Net income attributable to shareholders was RMB 711 million, down 92.69%.
South Korea's Lotte Shopping reported Q3 2020 results. Quarterly revenue was KRW 4,106 billion ($3.73 billion), down 6.8% from KRW 4,405 billion in the prior year. Operating profit was KRW 111 billion, up 26.8% from KRW 88 billion. Net income was KRW 3 billion, compared to a net loss of KRW 23 billion in the prior year.
Yonghui Superstores released Q3 report. For the first nine months of 2020, revenue was RMB 72.67 billion, up 14.36% year-over-year; net profit was RMB 2.028 billion, up 31.86%. In Q3, revenue was RMB 22.15 billion ($3.39 billion), and net profit was RMB 174.8 million. For the first nine months, revenue was RMB 72.67 billion, up 14.36%.
Source: Global Enterprise Dynamics (ID: bigcompany007)
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