---
title: "Walmart, Costco, Carrefour, Metro, Yonghui, JD.com and Other 30 Retail Companies' Q1 2021 Results"
description: "Recently, over 30 retail giants including Walmart, Costco, Carrefour, Metro, Kroger, Best Buy, Tesco, 7&I Holdings, Aeon, Yonghui, Suning, Lotte, Marks & Spencer, and Home Depot released their Q1 2021 financial results. The Retail Circle has compiled them by region: the US, Europe, and Asia."
author: "零售圈"
publisher: "New Distribution"
email: "zhaobo258@gmail.com"
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published: "2021-06-30"
language: "en"
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# Walmart, Costco, Carrefour, Metro, Yonghui, JD.com and Other 30 Retail Companies' Q1 2021 Results

> Recently, over 30 retail giants including Walmart, Costco, Carrefour, Metro, Kroger, Best Buy, Tesco, 7&I Holdings, Aeon, Yonghui, Suning, Lotte, Marks & Spencer, and Home Depot released their Q1 2021 financial results. The Retail Circle has compiled them by region: the US, Europe, and Asia.

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Recently, retail giants Walmart, Costco, Carrefour, Metro, Kroger, Best Buy, Tesco, 7&I Holdings, Aeon, Yonghui, Suning, Lotte, Marks & Spencer, Home Depot, and more than 30 other giants have released their Q1 2021 financial reports. The Retail Circle has compiled them by region: the US, Europe, and Asia. Details are as follows:
**United States**
Walmart reported Q1 fiscal 2021 results. Total revenue was $138.31 billion, up 2.7% year-over-year; net income attributable to shareholders was $2.73 billion, down 31.6%. US same-store sales increased 6% year-over-year, and e-commerce sales grew 37%.
Sam's Club same-store sales increased 7.2%, and its e-commerce sales grew 47%; membership income rose 12.7%, with total membership reaching an all-time high. Walmart International net sales were $27.3 billion, down 8.3% year-over-year, with e-commerce sales up 49%.
Costco Wholesale reported results for the 12 weeks ended May 9, 2021. Total revenue was $45.277 billion, compared to $37.266 billion in the same period last year. Net sales were $44.376 billion, and membership fees were $901 million. Net income was $1.22 billion, compared to $838 million in the prior year.
The Kroger Co. reported Q1 fiscal 2021 results for the period ended May 22. Quarterly sales were $42.3 billion, compared to $41.5 billion in the prior year. Quarterly net income was $140 million, compared to $1.212 billion in the prior year.
Home Depot reported Q1 fiscal 2021 results. Quarterly sales were $37.5 billion, up 32.7% year-over-year; net income was $4.145 billion, up 84.6%; comparable sales increased 31.0%, with US comparable sales up 29.9%. The company operates 2,298 retail stores globally and employs approximately 500,000 associates.
Walgreens Boots Alliance reported fiscal Q2 results for the period ended February 28, 2021. Quarterly sales were $32.779 billion, compared to $31.336 billion in the prior year. Quarterly net income was $1.026 billion, compared to $946 million in the prior year.
Lowe's reported Q1 fiscal 2021 results for the period ended April 30. Quarterly net sales were $24.4 billion, compared to $19.7 billion in the prior year. Quarterly net income was $2.321 billion, compared to $1.337 billion in the prior year.
Target reported Q1 fiscal 2021 financial results. Total revenue was $24.197 billion, up 23.4% year-over-year; net income was $2.097 billion, up 639.8%. Comparable sales increased 22.9% in Q1, with store comparable sales up 18.0% and digital comparable sales up 50%.
CVS Health reported results. Q1 2021 total revenue was $69.097 billion, compared to $66.755 billion in the prior year; net income was $2.224 billion, compared to $2.012 billion in the prior year.
Best Buy reported Q1 fiscal 2021 results. Revenue was $11.637 billion, compared to $8.562 billion in the prior year; net income was $595 million, compared to $159 million in the prior year.
Dollar General, a US discount chain, reported Q1 fiscal 2021 results for the period ended April 30. Quarterly net sales were $8.4 billion, compared to $8.45 billion in the prior year. Quarterly net income was $678 million, compared to $650 million in the prior year.
Dollar Tree reported Q1 fiscal 2021 results for the period ended May 1. Quarterly net sales were $6.477 billion, compared to $6.287 billion in the prior year. Quarterly net income was $374 million, compared to $248 million in the prior year.
Macy's reported Q1 fiscal 2021 results for the period ended May 1, 2021. Sales were $4.706 billion, up 56% year-over-year. Net income was $103 million, compared to a net loss of $3.581 billion in the prior year.
Kohl's reported Q1 fiscal 2021 results for the period ended May 1, 2021. Quarterly total revenue was $3.887 billion, compared to $2.428 billion in the prior year. Quarterly net income was $14 million, compared to a net loss of $541 million in the prior year.
Nordstrom, a US upscale department store chain, reported Q1 fiscal 2021 results for the period ended May 1. Quarterly net sales were $2.9217 billion, compared to $2.026 billion in the prior year. Quarterly net loss was $166 million, compared to a net loss of $521 million in the prior year.
**Europe**
Carrefour Group reported Q1 2021 sales. Group sales were €18.564 billion (about $22.1 billion), up 4.2% year-over-year. France sales were €9.162 billion, Europe sales €5.465 billion, Latin America sales €3.281 billion, and Asia sales €655 million.
Ahold Delhaize reported Q1 2021 results. Quarterly net sales were €18.264 billion (about $21.8 billion), up 5.8% year-over-year.
US net sales were €10.738 billion, and Europe net sales were €7.526 billion. Quarterly net income was €550 million, down 9.5% year-over-year.
UK retailer Tesco PLC reported fiscal year results for the period ended February 27, 2021. Group sales for the year were £53.445 billion (about $74.4 billion), compared to £50.788 billion in the prior fiscal year.
Group operating profit for the year was £1.736 billion, compared to £2.206 billion in the prior year. Net profit for the year was £6.143 billion, compared to £971 million in the prior year.
METRO AG reported Q2 results for fiscal 20/21 ended March 31. Quarterly sales were €5.05 billion (about $6.02 billion), compared to €6.006 billion in the prior year.
Net loss for the quarter was €131 million, compared to a net loss of €87 million in the prior year. First-half sales were €11.388 billion, compared to €13.555 billion in the prior year.
Consumer electronics retailer CECONOMY AG reported Q2 results for fiscal 20/21 ended March 31. Quarterly sales were €4.322 billion (about $5.15 billion), compared to €4.631 billion in the prior year.
Profit for the quarter was €79 million, compared to a net loss of €306 million in the prior year. First-half sales were €11.786 billion, compared to €11.453 billion in the prior year.
UK retail giant Marks & Spencer (M&S) reported fiscal year results for the period ended April 3, 2021 (53 weeks). FY2021 revenue was £9.156 billion (about $12.7 billion), compared to £10.182 billion in FY2020 (52 weeks). Total operating loss for the year was £30.7 million, compared to an operating profit of £255 million in the prior year.
**Asia**
Japanese retail giant AEON CO., LTD. reported fiscal year results (March 2020 - February 2021). Annual revenue was ¥8,603.9 billion (about $78.1 billion), compared to ¥8,604.2 billion in the prior fiscal year.
Operating profit for the year was ¥150.6 billion, compared to ¥215.5 billion in the prior year. Net loss for the year was ¥71.0 billion, compared to a net profit of ¥26.8 billion in the prior year.
Seven & i Holdings Co, parent of 7-Eleven convenience stores, reported fiscal year results (March 2020 - February 2021). Annual revenue was ¥5,766.7 billion (about $52.3 billion), compared to ¥6,644.3 billion in the prior fiscal year.
Operating profit for the year was ¥266.3 billion, compared to ¥424.3 billion in the prior year. Net profit for the year was ¥179.3 billion, compared to ¥218.2 billion in the prior year.
Suning.com disclosed its Q1 2021 report. Operating revenue was ¥54.005 billion (about $8.38 billion), down 6.63% year-over-year; net profit attributable to shareholders was ¥456 million, turning from a loss to a profit.
Yonghui Superstores reported Q1 2021 results. Q1 operating revenue was ¥26.334 billion (about $4.09 billion), down 9.99% year-over-year; net profit attributable to shareholders was ¥23.318 million, down 98.51%.
South Korea's Lotte Shopping reported Q1 2021 results. Quarterly revenue was KRW 3.88 trillion (about $3.43 billion), down 4.8% from KRW 4.077 trillion in the same period last year.
Operating profit for the quarter was KRW 62 billion, up 18.5% from KRW 52 billion in the prior year. Net loss for the quarter was KRW 41 billion, compared to a net loss of KRW 43 billion in the prior year.
Due to a change in fiscal year-end, Sun Art Retail Group (RT-Mart + Auchan) released its 15-month financial report for the period ended March 31, 2021. In Q1 2021, Sun Art Retail revenue was ¥28.848 billion, down 8.49% year-over-year. Operating profit was ¥1.093 billion, down 49%. Net profit was ¥700 million, down 49.6%.
On the afternoon of May 19, JD.com released its Q1 2021 financial report. In Q1 2021, JD.com's net revenue was ¥203.2 billion, up 39% year-over-year; net service revenue was ¥27.9 billion, up 73%, with logistics and other services revenue growing over 109%.
The report shows JD.com's net profit for Q1 2021 was ¥3.6 billion, compared to ¥1.1 billion in the same period last year. As of March 31, 2021, JD.com had nearly 500 million active purchasing users in the past 12 months, a net increase of 112 million from the end of Q1 2020, the largest increase for the same period in history.
Alibaba released its Q4 and full fiscal year 2021 results for the period ended March 31, 2021. Q4 revenue was ¥187.395 billion ($28.602 billion), up 64% year-over-year. Net loss attributable to ordinary shareholders was ¥5.479 billion for the quarter.
Excluding the impact of the anti-monopoly fine and certain other items, non-GAAP net income was ¥26.216 billion, up 18%. For fiscal 2021, Alibaba's revenue was ¥717.289 billion ($109.480 billion), up 41% year-over-year. Non-GAAP net income was ¥171.985 billion, up 30%.
Source: Retail Circle (ID: retailsphere)
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