Thursday, June 18, 2020

The Giant Walmart's Pretax Income Up 5% in the 1Q 2020 ..... While the 12 Other Largest Arkansas Companies Total Earnings Decline By 103% in the 1Q 2020 ..... This Tells Me That US Capitalism is Not Working Properly ..... The Trump Administration, the Republican-Controlled US Senate and the US Fed All Continually Help Propel the Largest Companies to Unprecedented Levels and Ignore the Rest of the Companies and the US People

From a review of Company SEC filings and the Google Finance website, I found 13 Arkansas Companies with stock market caps of above $100 mil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 13 Arkansas Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Arkansas Largest Companies 2020 2019  Change
Market Caps Above $100 Mil City HQs mils $ mils $
Walmart Bentonville             5,396             5,157 5%
Tyson Foods Springdale                491                528
JB Hunt Transport Services Lowell                143                155
Murphy USA El Dorado                117                    6
Bank OZK Little Rock                  16                147
Home Bancshares Conway                  (2)                  94
Murphy Oil El Dorado              (595)                  34
Simmons First National Pine Bluff                  98                  60
Uniti Group Little Rock                (85)                    7
Dillards Little Rock              (228)                101
America's Car-Mart Bentonville                  11                  18
P.A.M. Transportation Services Tontitown                  (2)                  11
ArcBest Fort Smith                    2                    7
Total all 12 Arkansaas Cos … No Walmart                (34)             1,168 -103%
Total all 13 Arkansaas Cos              5,362             6,325 -15%

US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser on Tuesday June 23, 2020 at 5:15 PM Eastern time.