![[CHART 1: Large Retailers' After-Tax Profits.]](/csd/qfr/images/qfr053rd.jpg)
CHART 2: Retail Profits Per Dollar of Sales
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After-tax profits for these corporations averaged 3.0 cents per dollar of sales for the third quarter of 2005, down 0.1 (±0.1) cents from the 3.1 cents of the preceding quarter, but up 0.3 (±0.1) cents from the 2.7 cents recorded in the third quarter of 2004.
The annual rate of after-tax profits on stockholders' equity in the third quarter of 2005 was 15.0 percent, down 1.4 percent (±0.2%) from the 16.4 percent of the second quarter of 2005, but up 0.8 percent (±0.2%) from the 14.2 percent of the third quarter of 2004.
NOTE 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 2005 will be published in the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations - Fourth Quarter 2005 (QFR05-4), scheduled for release on April 4, 2006.
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% 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 at the 90% confidence level. 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.
Fourth quarter 2005 advance data for U.S Manufacturing, Mining, Wholesale, and Retail Trade Corporations are scheduled for release on April 4, 2006.
3Q 2Q 3Q
Item 2005 2005(1) 2004(1)
(million dollars)
Net sales, receipts, and operating revenues.... 445,243 441,328 409,756
Less: Depreciation, depletion, and amortization 8,367 8,218 7,715
Less: All other operating costs and expenses... 417,036 412,028 386,518
Income (or loss) from operations............. 19,840 21,081 15,522
Interest Expense .............................. 3,121 3,050 2,901
All other nonoperating income (expense)........ 2,955 3,031 4,276
Income (or loss) before income taxes......... 19,674 21,063 16,898
Less: Provision for current and deferred
domestic income taxes........................ 6,520 7,203 5,712
Income (or loss) after income taxes.......... 13,154 13,860 11,186
Cash dividends charged to retained earnings
in current quarter........................... 2,439 3,144 2,224
Net income retained in business.............. 10,715 10,716 8,962
Retained earnings at beginning of quarter...... 242,761 239,934 224,869
Other direct credits (or charges) to
retained earnings (net)...................... (7,737) (2,917) (1,302)
Retained earnings at end of quarter............ 245,738 247,733 232,529
(1) Revised.
3Q 2Q 3Q
Item 2005 2005(1) 2004(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... 93.7 93.4 94.3
Income (or loss) from operations............. 4.5 4.8 3.8
Interest Expense .............................. 0.7 0.7 0.7
All other nonoperating income (expense)........ 0.7 0.7 1.0
Income (or loss) before income taxes......... 4.4 4.8 4.1
Less: Provision for current and deferred
domestic income taxes........................ 1.5 1.6 1.4
Income (or loss) after income taxes.......... 3.0 3.1 2.7
(1) Revised.
3Q 2Q 3Q
Item 2005 2005(1) 2004(1)
(percent)
Annual rate of profit on stockholders' equity
at end of period:
Before income taxes......................... 22.46 24.88 21.46
After income taxes.......................... 15.02 16.37 14.20
Annual rate of profit on total assets:
Before income taxes......................... 9.36 10.47 8.73
After income taxes.......................... 6.26 6.89 5.78
(1) Revised.
SOURCE: Quarterly Financial Report for Retail Trade Corporations--QFR-05-3, January 2006. U.S. Census Bureau, January 2006.
Schedule of Advance Data Release Dates: 2006
Economic Indicator Release Schedule
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade Fourth 2005 April 4, 2006 April 4, 2006 First 2006 June 12, 2006 July 11, 2006 Second 2006 September 11, 2006 October 11, 2006 Third 2006 December 12, 2006
e-mail: csd.qfr@census.gov
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