Profits at U.S. retail corporations average 2.8 cents per dollar of sales

After-tax profits of U.S. retail corporations with assets of $50 million and over totaled $13.6 billion in the second quarter 2006, down $2.4 billion from the $16.0 billion of the preceding quarter. The profits are also down $0.3 billion from $13.9 billion of the same quarter a year ago, the U.S. Census Bureau reported based on quarterly financial reports obtained from approximately 500 corporations. 

After-Tax Profits and Sales at Large U.S. Retail Corps.

  2Q'06 1Q'06 2Q'05
After-tax profits $13.6B $16.0B $13.9B
Retail Sales $484.2B $464.1B $442.6B
Profit Margin 2.8% 3.4% 3.1%
Sales in the second quarter 2006, at $484.2 billion, were up $20.1 billion or 4.3% from the $464.1 billion of last quarter, and up $41.6 billion or 9.4% from the $442.6 billion of the second quarter of 2005. These data are not adjusted for seasonality.

After-tax profits for these corporations averaged 2.8% per dollar of sales for the second quarter of 2006, down 0.6 cent from the 3.4 cents of the preceding quarter, and down 0.3 cent from the 3.1 cents recorded in the second quarter of 2005.

The annual rate of after-tax profits on stockholders' equity in the second quarter of 2006 was 14.5%, down 2.6% from the 17.1% of the first quarter of 2006, and down 1.9% from the 16.4% of the second quarter of 2005.

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