The 41 Largest US Retail Cos With Stock Market Caps Above $10 Bil Posted Total Pretax Income Which Declined By 24% in the 4Q 2018.
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These Same 41 Largest US Retail Cos Posted Total Pretax Income Declines of 5% in the 3Q 2018 and of 26% in the 2Q 2018.
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From a review of SEC filings and individual Company information in MSN Money, I found 41 US Retail Companies with stock market caps sometime in 2018 of more than $10 Bil.
My Focus is on Pretax Income rather than on After-Tax Net Income because Corporate Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments. It has nothing whatsoever to do with Company Operating Performance.
The chart below shows the Gold-Standard US GAAP Total Pretax Income (Loss) From Continuing Operations for the Fourth (November, December and January Quarter Ends), the Third and the Second Quarters of both 2018 and 2017 for each of these 41 US Retail Cos.
| US | US | US | US | US | US | ||||||
| GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | ||||||
| Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | ||||||
| Income | Income | Income | Income | Income | Income | ||||||
| (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | ||||||
| Nov 18 | Nov 17 | Aug 18 | Aug 17 | May 18 | May 17 | ||||||
| Dec 18 | Dec 17 | Sept 18 | Sept 17 | June 18 | June 17 | ||||||
| or | or | Better | or | or | Better | or | or | Better | |||
| Jan 19 | Jan 18 | (Worse) | Oct 18 | Oct 17 | (Worse) | July 18 | July 17 | (Worse) | |||
| US Retailing Cos | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | ||
| Stock Market Caps > $10 Bil | End | End | Change | End | End | Change | End | End | Change | ||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | |||||
| January 2019 Quarter Ends | |||||||||||
| Walmart | 5,664 | 2,964 | 91% | 2,576 | 2,879 | -11% | 398 | 4,606 | -91% | ||
| Home Depot | 3,113 | 2,943 | 6% | 3,646 | 3,433 | 6% | 4,655 | 4,214 | 10% | ||
| TJX Cos | 1,179 | 1,112 | 6% | 1,047 | 1,020 | 3% | 993 | 892 | 11% | ||
| Target | 1,014 | 1,012 | 0% | 713 | 611 | 17% | 1,022 | 977 | 5% | ||
| Best Buy | 972 | 873 | 11% | 330 | 342 | -4% | 329 | 310 | 6% | ||
| Macy's | 966 | 1,167 | -17% | 74 | 37 | 100% | 197 | 168 | 17% | ||
| L Brands | 711 | 842 | -16% | (41) | 135 | NM | 129 | 217 | -41% | ||
| Dollar General | 613 | 599 | 2% | 418 | 393 | 6% | 519 | 469 | 11% | ||
| Ross Stores | 547 | 592 | -8% | 444 | 441 | 1% | 518 | 510 | 2% | ||
| The Gap | 365 | 383 | -5% | 350 | 364 | -4% | 388 | 439 | -12% | ||
| Kohls | 362 | 493 | -27% | 195 | 183 | 7% | 387 | 332 | 17% | ||
| Kroger | 317 | (104) | NM | 399 | 604 | -34% | 628 | 540 | 16% | ||
| Nordstrom | 310 | 319 | -3% | 80 | 180 | -56% | 218 | 188 | 16% | ||
| Ulta Beauty | 282 | 255 | 11% | 171 | 163 | 5% | 195 | 180 | 8% | ||
| Burlington Stores | 236 | 223 | 6% | 92 | 68 | 35% | 79 | 63 | 25% | ||
| CoPart | 165 | 144 | 15% | 149 | 114 | 31% | 133 | 106 | 25% | ||
| Lowes | (725) | 944 | -177% | 804 | 1,387 | -42% | 2,010 | 2,223 | -10% | ||
| Dollar Tree | (2,194) | 692 | -417% | 340 | 355 | -4% | 338 | 344 | -2% | ||
| Total 18 Retail Cos | 13,897 | 15,453 | -10% | 11,787 | 12,709 | -7% | 13,136 | 16,778 | -22% | ||
| December 2018 Quarter Ends | |||||||||||
| McDonalds | 1,751 | 1,885 | -7% | 2,159 | 2,820 | -23% | 2,018 | 2,061 | -2% | ||
| Starbucks | 966 | 3,006 | -68% | 932 | 1,152 | -19% | 1,027 | 1,052 | -2% | ||
| Yum! Brands | 439 | 1,092 | -60% | 534 | 524 | 2% | 357 | 311 | 15% | ||
| O Reilly Automotive | 393 | 377 | 4% | 456 | 440 | 4% | 450 | 436 | 3% | ||
| Restaurant Brands Intl | 386 | 325 | 19% | 342 | 285 | 20% | 373 | 286 | 30% | ||
| Aramark | 290 | 143 | 103% | 190 | 155 | 23% | 97 | 93 | 4% | ||
| Qurate Retail | 287 | 483 | -41% | 88 | 45 | 96% | 223 | 250 | -11% | ||
| Fastenal | 230 | 201 | 14% | 259 | 226 | 15% | 266 | 235 | 13% | ||
| CDW Corp | 207 | 184 | 13% | 238 | 207 | 15% | 230 | 195 | 18% | ||
| Tractor Supply | 176 | 180 | -2% | 149 | 145 | 3% | 268 | 255 | 5% | ||
| Domino's Pizza | 135 | 137 | -1% | 99 | 85 | 16% | 91 | 89 | 2% | ||
| Sherwin-Williams | 102 | 226 | -55% | 416 | 428 | -3% | 538 | 509 | 6% | ||
| CVS Health | 102 | 2,809 | -96% | 1,899 | 2,062 | -8% | (2,065) | 1,863 | -211% | ||
| Advance Auto Parts | 70 | 74 | -5% | 147 | 144 | 2% | 157 | 136 | 15% | ||
| Yum China Holdings | 65 | 56 | 16% | 279 | 272 | 3% | 203 | 175 | 16% | ||
| Chipotle Mexican Grill | 43 | 61 | -30% | 60 | 32 | 88% | 70 | 108 | -35% | ||
| Carvana | (86) | (47) | NM | (64) | (40) | NM | (51) | (39) | NM | ||
| Wayfair | (143) | (73) | NM | (151) | (76) | NM | (100) | (39) | NM | ||
| Total 18 Retail Cos | 5,413 | 11,119 | -51% | 8,032 | 8,906 | -10% | 4,152 | 7,976 | -48% | ||
| November 2018 Quarter Ends | |||||||||||
| Walgreen's Boots Alliance | 1,280 | 1,049 | 22% | 1,673 | 933 | 79% | 1,455 | 1,333 | 9% | ||
| Costco | 935 | 936 | 0% | 1,449 | 1,419 | 2% | 1,071 | 965 | 11% | ||
| Autozone | 449 | 430 | 4% | 537 | 656 | -18% | 504 | 494 | 2% | ||
| CarMax | 248 | 225 | 10% | 289 | 290 | 0% | 320 | 338 | -5% | ||
| Darden Restaurants | 135 | 113 | 19% | 176 | 160 | 10% | 217 | 159 | 36% | ||
| Total 5 Retail Cos | 3,047 | 2,753 | 11% | 4,124 | 3,458 | 19% | 3,567 | 3,289 | 8% | ||
| Total all 41 Retail Cos | 22,357 | 29,325 | -24% | 23,943 | 25,073 | -5% | 20,855 | 28,043 | -26% |
