Q3 INDUSTRY RESULTS SHOW STRENGTH IN PROFITS, REVENUES.
Aggregate industry profits rose 5% and revenues jumped 7% in the period. Return on Sales (ROS) was 3.6% versus 3.7%. Sneakers, apparel and retail all posted Q3 net income improvements, led by retail. Meanwhile, Q3 revenues were higher in all sectors, including a 13% gain in equipment.
Our quarterly survey tracked the results of 45 public companies for the fiscal quarter nearest Sep. 30. For the second consecutive quarter, retail had the biggest profitability swing to more ... Log in to view full article.