Advance Data on Large Retailers' Profits for the Second Quarter 1995 After-tax profits for retail corporations with assets of $50 million and over averaged 1.7 cents per dollar of sales for the second quarter of 1995, up 0.2 cents from the preceding quarter, but down 0.4 cents from the same quarter in 1994, according to advance data from the Commerce Department's Bureau of the Census. For the second quarter of 1995, these large retail corporations reported after-tax profits of $3.6 billion, up $0.4 billion from the preceding quarter, but down $0.5 billion from the same quarter a year ago. The annual rate of after-tax return on stockholders' equity was 10.4 percent, compared to 8.9 percent in the first quarter of 1995 and 12.6 percent in the second quarter of 1994. Second quarter 1995 sales were $217.6 billion, up $9.7 billion or 4.7 percent from last quarter. Second quarter sales compared to the same quarter a year ago were up $16.9 billion or 8.4 percent. These data are based on quarterly financial reports obtained from 731 corporations. The figures in this release are not seasonally adjusted. More detailed information on the retail trade sector for the second quarter will be published in the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--Third Quarter 1995. Third quarter 1995 advance data are scheduled for release on December 11, 1995. Schedule of Advance Data Release Dates--1995 Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade Third 1995 December 11, 1995 January 10, 1996 This report is available on the day of issue through the Department of Commerce's on-line Economic Bulletin Board (N-8-1) (202-377-3870) and through the Census Bureau's on-line information service--CENDATA. Further information about accessing CENDATA can be obtained from Dialog Information Services, Inc. (1-800-334-2564) and CompuServe (1-800-848-8199). The CENDATA staff at the Bureau of the Census (301-457-1214) can provide content information and general guidance. TABLE 1. INCOME STATEMENT FOR RETAIL TRADE CORPORATIONS WITH ASSETS OF $50 MILLION AND OVER 2Q 1Q 2Q 1995 1995(1) 1994(1) (million dollars) Net sales, receipts, and operating revenues.... 217,566 207,894 200,640 Less: Depreciation, depletion, and amortization 4,511 4,435 4,143 Less: All other operating costs and expenses... 205,185 196,562 188,413 Income (or loss) from operations............. 7,870 6,898 8,084 Net nonoperating income (expense).............. (1,945) (1,822) (1,673) Income (or loss) before income taxes......... 5,925 5,075 6,411 Less: Provision for current and deferred domestic income taxes........................ 2,283 1,858 2,290 Income (or loss) after income taxes.......... 3,642 3,217 4,121 Cash dividends charged to retained earnings 1,399 1,272 1,220 in current quarter........................... Net income retained in business.............. 2,243 1,945 2,900 Retained earnings at beginning of quarter...... 94,109 91,947 79,414 Other direct credits (or charges) to retained earnings (net)...................... (7,846) (115) 78 Retained earnings at end of quarter............ 88,507 93,777 82,392 (1) Revised. --------------------------------------------------------------------------- TABLE 2. INCOME STATEMENT IN RATIO FORMAT FOR RETAIL TRADE CORPORATIONS WITH ASSETS OF $50 MILLION AND OVER 2Q 1Q 2Q 1995 1995(1) 1994(1) (cents) Net sales, receipts, and operating revenues.... 100.0 100.0 100.0 Less: Depreciation, depletion, and amortization 2.1 2.1 2.1 Less: All other operating costs and expenses... 94.3 94.5 93.9 Income (or loss) from operations............. 3.6 3.3 4.0 Net nonoperating income (expense).............. (0.9) (0.9) (0.8) Income (or loss) before income taxes......... 2.7 2.4 3.2 Less: Provision for current and deferred domestic income taxes........................ 1.0 0.9 1.1 Income (or loss) after income taxes.......... 1.7 1.5 2.1 -------------------------------------------------------------------------- TABLE 3. OPERATING RATIOS FOR RETAIL TRADE CORPORATIONS WITH ASSETS OF $50 MILLION AND OVER 2Q 1Q 2Q 1995 1995(1) 1994(1) (percent) Annual rate of profit on stockholders' equity at end of period: Before income taxes......................... 16.94 14.00 19.61 After income taxes.......................... 10.41 8.87 12.60 Annual rate of profit on total assets: Before income taxes......................... 5.48 4.66 6.26 After income taxes.......................... 3.37 2.96 4.02 (1) Revised. Questions concerning this advance report should be directed to Ronald Lee (301) 763-5435 or Frank Hartman (301) 763-7182.