Tuesday, May 8, 2018

The 11 Largest US Retailers With March Quarter-Ends Posted a Total Pretax Income Increase of Only 2% in the March 2018 Quarter ........................................................................................ These Companies Reported a March 2018 Quarter After-Tax Net Income Increase of a Much Higher 16% Due To the Trump Tax Cuts Act

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US Retailers with March 2018 quarter-ends and with stock market caps above $10 Bil on April 30, 2018 and which have released their March 2018 earnings by May 5, 2018.
 US GAAP   US GAAP   US GAAP   US GAAP 
 US GAAP   US GAAP   Effective   Effective  Pretax Net
 US GAAP   Income   US GAAP   US GAAP   Income   US GAAP   Income   Income  Income Income
US Retailing Corps Pretax Tax Net Pretax Tax Net Tax Tax % Change % Change
Market Caps Above $10 Bil Income Expense Income Income Expense Income Rate Rate March Qtr March Qtr
Releasing Their March 2018 March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr 2018 2018
Quarter Earnings By 5-4-18 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
McDonalds         1,888            513         1,375         1,808            593         1,215 27.2% 32.8% 4% 13%
CVS Health         1,470            472            998         1,534            572            962 32.1% 37.3% -4% 4%
Express Scripts            820            194            626            915            365            550 23.7% 39.9% -10% 14%
Starbucks            816            156            660            981            328            653 19.1% 33.4% -17% 1%
Yum! Brands            509              76            433            347              67            280 14.9% 19.3% 47% 55%
Yum China Holdings            403            107            296            300              90            210 26.6% 30.0% 34% 41%
O Reilly Auto            395              90            305            385            120            265 22.8% 31.2% 3% 15%
Sherwin-Williams            303              53            250            307              68            239 17.5% 22.1% -1% 5%
Restaurant Brands Intl            281                2            279            204              38            166 0.7% 18.6% 38% 68%
Fastenal            232              58            174            211              77            134 25.0% 36.5% 10% 30%
Domino's Pizza            104              15              89              91              28              63 14.4% 30.8% 14% 41%
Total all 11         7,221         1,736         5,485         7,083         2,346         4,737 24.0% 33.1% 2% 16%

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