Sunday, September 6, 2020

Walmart's Pretax Income Up 76% in the Second Quarter of 2020, While All Other Largest Arkansas Companies Total Pretax Income Declines By 81% Following Their Even Higher 103% Decline in the First Quarter of 2020

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 in mid-June 2020.  Of these 13 Arkansas Companies, 10 of them had June 2020 quarter ends and three had July 2020 quarter ends.

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


US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Second Second First First
Quarter Quarter Quarter Quarter
Arkansas Largest Companies 2020 2019 2020 2019
Stock Market Caps Above $100 Mil City HQs mils $ mils $ mils $ mils $
Walmart Bentonville       8,646       4,913       5,396       5,157
… % Change From Prior Year Quarter 76% 5%
America's Car-Mart Bentonville            26            20            11            18
ArcBest Fort Smith            21            34              2              7
Bank OZK Little Rock            65          145            16          147
Dillards Little Rock          (33)          (52)        (228)          101
Home Bancshares Conway            82            95            (2)            94
JB Hunt Transport Services Lowell          162          178          143          155
Murphy Oil El Dorado, AR / Houston, TX        (418)          108        (595)            34
Murphy USA El Dorado          223            43          117              6
P.A.M. Transportation Services Tontitown            (1)            11            (2)            11
Simmons First National Pine Bluff            74            72            98            60
Tyson Foods Springdale          667          724          491          528
Uniti Group Little Rock        (604)            47          (85)              7
Total all 12 Arkansaas Cos … No Walmart          264       1,425          (34)       1,168
… % Change From Prior Year Quarter -81% -103%