US Big Footwear, Clothing and Accessories Corps 2012 Annual Earnings Up 10.5% and EPS Up a Higher 12.9%

I found 3 US Footwear, Clothing and Accessories Corps filing with the SEC which generated Non-GAAP Adjusted After-tax Net Income or Net Loss of over $1 bil each in either annual 2012 or annual 2011.

Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.

How did these 3 US Big Footwear, Clothing and Accessories Corps do on the earnings front in 2012?  Very well.

The Total Non-GAAP Adjusted After-tax Net Income of these 3 US companies increased a robust 10.5% over 2011.

And on an Earnings Per Share basis, the total growth was an even more robust 12.9%, due to the huge common stock buyback programs of two of these companies.

When you think about it, it is just amazing that these 3 US Big Footwear, Clothing and Accessories Corps generated 12.9% EPS growth in 2012, a Presidential election year where the US Congress was doing everything possible to substantially slow down the US economy, hoping that it would result in President Obama being defeated in the election.

Just think what the US economy and these Big Corps' earnings will do if the US Congress would start working with, instead of against, the Obama Administration.

Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 3 US Big Footwear, Clothing and Accessories Corps:

							EPS
							Growth
				Non-GAAP	Non-GAAP		Over
		Annual	Annual	Adjusted	Adjusted		Earnings
		2012	2011	Net	Net	Adjusted	Growth
		Non-GAAP	Non-GAAP	Income	Income	EPS	Positive
		Adjusted	Adjusted	Increase	Increase	Increase	%
		Net	Net	(Decrease)	(Decrease)	(Decrease)	Spread
Company	FYE	Income	Income	Amount	%	%
		mils of $s	mils of $s	mils of $s
Footwear, Clothing and Accessories
Nike	May	2,223	2,133	90	4.2%	7.7%	3.5%
VF Corp	Dec	1,078	913	165	18.1%	17.4%	-0.7%
Coach	Jun	1,039	881	158	17.9%	20.9%	3.0%
Total of all 3		4,340	3,927	413	10.5%	12.9%	2.4%