Thursday, April 12, 2012

US Big Apparel and Footwear Corps 2011 Annual Earnings Up 14%

I found 14 US Big Apparel and Footwear Corps, which file with the SEC, and which have Pretax Income or Pretax Loss of more than $200 mil in any of the most recent three years.

The Total Pretax Income of these 14 US Big Apparel and Footwear Corps was $8.6 bil in 2011, up 14% from 2010, which was a bit of earnings growth deceleration of the 19% growth in 2010 over 2009.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairment Charges.


Below here is the Pretax Income (PTI) and Pretax Loss of these 14 US Big Apparel and Footwear Corps for each of the most recent three years.






PTI PTI




% %

Change Change

PTI(L) PTI(L) PTI(L) 2011 2010

2011 2010 2009 vs vs
mils $s mils $s mils $s 2010 2009
Apparel and Footwear




Nike 2,844 2,517 2,358 13% 7%
Coach 1,301 1,158 983 12% 18%
VF Corp 1,165 952 777 22% 23%
Polo Ralph Lauren 825 689 588 20% 17%
PVH 432 217 212 99% 2%
Guess 399 421 362 -5% 16%
Cintas 393 344 411 14% -16%
Hanesbrands 316 234 58 35% 303%
Deckers Outdoor 285 250 183 14% 37%
Iconix Brand Group 213 163 117 31% 39%
Levi Strauss 203 236 190 -14% 24%
Carters 181 233 184 -22% 27%
Warnaco Group 168 230 169 -27% 36%
Liz Claiborne (148) (90) (234) 64% -62%




Total all 14 8,577 7,554 6,358 14% 19%