Dec 19, 201112:55 PMBlog
Q3 retail sales, profits up compared to 2010
Sales in the third quarter of 2011, at $568.7 billion, were down $7.2 billion from the $575.9 billion recorded in the second quarter of 2011, but up $42.4 billion from the $526.3 billion recorded in the third quarter of 2010.
After-tax profits per dollar of sales were 2.7 cents for the quarter, compared with 3 cents for the second quarter of 2011, and 2.5 cents for the third quarter of 2010. The annual rate of after-tax profits on stockholders' equity in the third quarter of 2011 was 13.8 percent, down 1.5 percentage points from the 15.3 percent recorded in the second quarter of 2011, but up 1.6 percentage points from the 12.1 percent recorded in the third quarter of 2010.
In 2011, third quarter after-tax profits of U.S. retail trade corporations with assets of $50 million and over (not seasonally adjusted) were higher than in any other third quarter in the 2007-11 period.