Forty-eight US Big Retail Corps, with Pretax Earnings or Losses above $100 mil each, in any of the first three quarters of either 2011 or 2010, have released their 3Q 2011 earnings.
These 48 US Big Retail Corps registered a Total Pretax Earnings increase of 6% in the 3Q 2011 over the prior year's quarter, decelerating a bit from both the 7% earnings growth in the 2Q 2011 and the 10% earnings growth registered in the 1Q 2011.
Here's how the US Big Retail Sector earnings growth of 6% in the 3Q 2011 stacks up with US Big Oil and US Big Financial.
3Q 2011 Pretax Earnings Growth over 3Q 2010:
.....48 US Big Retail Corps.......................................6%
......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 Retail 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 3Q 2010 amounts, for these 48 Big US Retailers.
.......................................................................Increase
..........................................PTI(L)......PTI(L).......(Decrease)
.............................................3Q.........3Q..................
...........................................2011......2010....Amount....%
.............................................(millions of dollars)
Walmart 5,805 5,705 100 2%
McDonalds 2,263 1,975 288 15%
Home Depot 2,148 1,901 247 13%
CVS Caremark 1,429 1,341 88 7%
Lowes 1,329 1,335 (6) 0%
Target 1,109 1,081 28 3%
Walgreens(1) 817 728 89 12%
Costco 772 684 88 13%
Medco Health Solutions 589 613 (24) -4%
TJX 559 496 63 13%
Express Scripts 517 488 29 6%
Starbucks 504 413 91 22%
Publix Super Markets 478 438 40 9%
Kohls 475 410 65 16%
Autozone 470 423 47 11%
Yum Brands 456 506 (50) -10%
Macy's 395 240 155 65%
Kroger 391 392 (1) 0%
Bed Bath & Beyond 370 297 73 25%
Coach 321 285 36 13%
GAP 313 398 (85) -21%
Nordstrom 290 240 50 21%
Limited Brands 276 244 32 13%
Best Buy 259 403 (144) -36%
Ross Stores 242 210 32 15%
Staples 237 212 25 12%
Oreilly Automotive 235 190 45 24%
Dollar General 231 225 6 3%
Safeway 196 178 18 10%
CarMax 181 175 6 3%
Advanced Auto Parts 169 140 29 21%
Fastenol 155 121 34 28%
Dollar Tree 152 125 27 22%
Darden Restaurants 147 159 (12) -8%
Tiffany 131 102 29 28%
Amazon 130 292 (162) -55%
Family Dollar Stores 125 112 13 12%
Whole Foods Market 119 95 24 25%
AutoNation 116 94 22 23%
Petsmart 96 77 19 25%
Supervalu(2) 96 74 22 30%
Foot Locker 58 10 48 480%
GameStop 47 60 (13) -22%
Dillards 24 8 16 200%
JC Penney 24 18 6 33%
Sothebys (58) (38) (20) -53%
Rite Aid(3) (95) (194) 99 51%
Sears Holding (238) (53) (185) -349%
Total 48 Big Retail 24,855 23,428 1,427 6%
(1) Walgreen's 2011 PTI excludes large gain on sale of business.
(2) Supervalu 2010 PTI excludes large intangible asset impairment charge.
(3) Rite Aid 2010 PTI excludes loss on debt modification charge.
