![[CHART 1: Large Retailers' After-Tax Profits.]](https://webarchive.library.unt.edu/eot2008/20081017224629im_/http://www.census.gov/csd/qfr/images/qfr043rd.jpg)
CHART 2: Retail Profits Per Dollar of Sales
![[Commerce Seal]](https://webarchive.library.unt.edu/eot2008/20081017224629im_/http://www.census.gov/pub/indicator/www/img/seal.gif)
Note: For order information, see the end of this report.
After-tax profits for these corporations averaged 2.8 cents per dollar of sales for the third quarter of 2004, down 0.5 (±0.1) cents from the 3.3 cents of the preceding quarter and up 0.3 (±0.1) cents from the 2.5 cents recorded in the third quarter of 2003.
The annual rate of after-tax profits on stockholders' equity in the third quarter of 2004 was 14.3 percent, down 2.6 percent (±0.2%) from the 16.9 percent of the second quarter of 2004 and up 1.2 percent (±0.2%) from the 13.1 percent of the third quarter of 2003.
EXPLANATORY NOTES:
These data are based on quarterly financial reports obtained from approximately 500 corporations. More detailed information on the retail trade sector for the third quarter 2004 will be published in the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations - Fourth Quarter 2004, scheduled for release on April 4, 2005.
SAMPLING The data presented in this report are estimated from a sample survey and therefore are subject to sampling variability as well as nonsampling variability such as response error, nonreporting, and coverage errors. Estimates of sampling variability are presented in the publication. A statement such as "up 2.5 (+/-0.2) cents", appearing in the text, indicates the range (+2.3 to +2.7 cents) in which the actual change is likely to have occurred. The range given for the change is a 90 percent confidence interval that accounts only for sampling variability. If the range had contained zero (0), it would have been uncertain whether there was an increase or decrease; that is, the change would not have been statistically significant. For any comparison cited without a confidence interval, the change is statistically significant. The quarterly publication includes more detailed explanations of confidence intervals and sampling variability, along with additional measures of sampling variability.
DATA AVAILABILITY This press release can be viewed today in page image format (.pdf) at the internet website http://www.census.gov/csd/qfr/. More detailed information on U.S. Manufacturing, Mining, and Wholesale and Retail Trade Corporations is available for downloading at our website under "QFR Products: Publication". The publication includes statements of income and retained earnings, balance sheets, and related financial and operating ratios. Data presented are classified by industry and asset size. The publication is available for sale from the Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954 (202-512-1800). Fax orders to (202) 512-2250 or phone orders to (202) 512-1800 (8am-4:30pm EST). The cost for an annual subscription is $58 domestic and $81.20 foreign. Data are also available on 3.5 inch diskettes from the U.S. Department of Commerce, Census Bureau (MS0801), P.O. Box 277943, Atlanta, GA 30384-7943 (301-763-INFO/301-763-4636). The cost for an annual subscription is $80 domestic and $105 foreign. The cost for a single diskette is $50. All remittances from foreign countries must be by international money order or by draft on a U.S. bank.
This report is available on the day of issue on the Department of Commerce's Internet website at http://www.census.gov/csd/qfr/.
3Q 2Q 3Q
Item 2004 2004(1) 2003(1)
(million dollars)
Net sales, receipts, and operating revenues.... 406,240 398,912 379,846
Less: Depreciation, depletion, and amortization 7,798 7,584 7,329
Less: All other operating costs and expenses... 382,085 372,406 356,156
Income (or loss) from operations............. 16,357 18,921 16,360
Interest Expense .............................. 3,613 3,786 3,043
All other nonoperating income (expense)........ 4,404 4,661 1,522
Income (or loss) before income taxes......... 17,149 19,797 14,839
Less: Provision for current and deferred
domestic income taxes........................ 5,788 6,824 5,230
Income (or loss) after income taxes.......... 11,361 12,973 9,609
Cash dividends charged to retained earnings
in current quarter........................... 1,989 2,862 2,021
Net income retained in business.............. 9,372 10,111 7,589
Retained earnings at beginning of quarter...... 224,910 214,822 199,688
Other direct credits (or charges) to
retained earnings (net)...................... (2,592) (3,394) (1,972)
Retained earnings at end of quarter............ 231,690 221,539 205,305
(1) Revised.
3Q 2Q 3Q
Item 2004 2004(1) 2003(1)
(cents)
Net sales, receipts, and operating revenues.... 100.0 100.0 100.0
Less: Depreciation, depletion, and amortization 1.9 1.9 1.9
Less: All other operating costs and expenses... 94.1 93.4 93.8
Income (or loss) from operations............. 4.0 4.7 4.3
Interest Expense .............................. 0.9 0.9 0.8
All other nonoperating income (expense)........ 1.1 1.2 0.4
Income (or loss) before income taxes......... 4.2 5.0 3.9
Less: Provision for current and deferred
domestic income taxes........................ 1.4 1.7 1.4
Income (or loss) after income taxes.......... 2.8 3.3 2.5
(1) Revised.
3Q 2Q 3Q
Item 2004 2004(1) 2003(1)
(percent)
Annual rate of profit on stockholders' equity
at end of period:
Before income taxes......................... 21.64 25.77 20.29
After income taxes.......................... 14.34 16.89 13.14
Annual rate of profit on total assets:
Before income taxes......................... 8.62 10.31 7.96
After income taxes.......................... 5.71 6.76 5.15
(1) Revised.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-04-3, January 2005.
Schedule of Advance Data Release Dates--2004
Questions concerning this advance report should be directed to
Contact:
Yolando St.George (301) 763-6600 or
John Seabold (301) 763-3386.
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
Fourth 2004 April 4, 2005 April 4, 2005
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