I found 7 Big Beverage Corps with Pretax Income of at least $100 mil in the most recent quarter.
These 7 Big Beverage Corps generated Total Pretax Income growth of 7% in the current 3Q 2011, a deceleration from the 12% earnings growth generated in the 2Q 2011.
Here's how the US Big Beverage Sector earnings growth of 7% in the 3Q 2011 stacks up with US Big Oil and US Big Financial.
3Q 2011 Pretax Earnings Growth over 3Q 2010:
......7 US Big Beverage Corps..................................7%
......4 US Largest Credit Card Corps.......................23%
......7 US Largest Financial Corps..........................25%
.....21 US Next Largest National/Regional Banks...38%
......6 US Largest Oil Corps....................................57%
......7 US Next Largest Oil Corps..........................107%
I don't think it is good for the US economy for its high-quality Beverage sector's 3Q 2011 earnings growth to trail that of both the US Big Oil sector and the US Big Financial sector by such an incredibly wide gap. I think this gives a good insight into why there is such a huge wealth gap between the 1%ers and the 99% rest of the country, the Occupy Movement's major beef.
The overall US economy and US job creation won't improve dramatically until this earnings growth gap between both US Big Oil and US Big Financial vs. the rest of the US business sectors, including all of small business, is substantially closed.
Below here are these 3Q 2011 Pretax Earnings (PTI), along with a comparison with the prior year’s quarter amounts.
...........................................................................Increase
................................................PTI........PTI.......(Decrease)
.................................................3Q.........3Q..................
...............................................2011......2010....Amount....%
.................................................(millions of dollars)
Coca Cola 2,923 2,700 223 8%
Coca Cola Enterprises 306 224 82 37%
Dr Pepper Snapple 236 231 5 2%
Brown Forman 179 167 12 7%
Constellation Brands 167 149 18 12%
Hansen Natural 131 107 24 22%
MolsonCoors Brewing 225 319 (94) -29%
Total all 7 4,167 3,897 270 7%
