Monday, August 24, 2020

Isolating Out the Giant Walmart, Arkansas Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up a Completely Off-the-Charts Average Growth of 155% Per Year ..... Than They Did During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Precisely Flat 0.0% Average Growth Per Year. Walmart Performed Slightly Better During the Obama Years Than During the Trump Years.

From a review of SEC filings and Google Finance, there were 10 Arkansas Companies with stock market caps of above $500 mil recently which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Years from 2008-2019).  I included Companies which were headquartered in Arkansas for at least 6 of these 12 years.  

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 10 Arkansas Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.


Average Average
  Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
    Fincl Income Income Income Trump Obama
  Arkansas Sts (Loss) (Loss) (Loss) Admin's Admin's
Arkansas Companies City State 2019 FYE FYE FYE 3 Years 8 Years
Stock Market Caps Above $500 Mil  HQs HQs FYE 2019 2016 2008 2017-19 2009-16
   $ mils  $ mils  $ mils
Walmart Bentonville AR Jan 20       20,116       20,497       20,867 -0.6% -0.2%
Tyson Foods Springdale AR Sep 19         2,431         2,598            154 -2% 198%
JB Hunt Transport Services Lowell AR Dec 19            681            696            322 -1% 15%
Bank OZK Little Rock AR Dec 19            564            424              45 11% 105%
Home Bancshares Conway AR Dec 19            386            283              12 12% 282%
Simmons First National Pine Bluff AR Dec 19            302            255              38 6% 71%
Dillards Little Rock AR Jan 20            134            258           (380) -16% NM
America's Car-Mart Bentonville AR Apr 20              64              32              28 33% 2%
ArcBest Fort Smith AR Dec 19              51              28              50 27% -6%
Acxiom Corp / LiveRamp Holdings Conway, AR / San Francisco, CA AR Mar 20           (166)           (131)              62 NM -39%
Total 9 Arkansas Cos .….. No Walmart         4,447         4,443            331 0.0% 155%