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Article Date: April 2022
Word Count: 1219

Industry Profits Jump 16% on 10% Top Line Growth


Revenue and earnings gains were very strong in the final quarter of 2021, improving double digits against 2020’s Q4 when the recovery from pandemic losses was well underway, but the pace of growth continues to slow sequentially. Totals revenues increased 10% to $50,536.9 million from $46,049.3 million on big gains in apparel and equipment, compared to 7% growth last year, driving aggregate net income of $4,681.3 million, up 16% from $4,038.0 million. Return on Sales was 9.3% compared to 8.8% in Q4, 2020, but down from the 11.0% ROS in the previous quarter. Sales increased year-over-year at 76% of the ... Log in to view full article.

 


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