Aggregate profit in the second quarter increased 5% to $2,554 million this year from $2,435 million and would have been stronger except for large one-time charges and ForEx swings at a few companies on a broadly stronger performance across sectors, as industry revenues climbed 9% to $42,084 million from $38,492 million. Return on sales slipped to 6.1% from 6.3% in the second quarter last year with only the footwear and diversified segments posting bottom line gains. Big adjustments from the Tax Cuts & Jobs Act have mostly been taken by now, but the lower corporate tax rate is definitely starting ... Log in to view full article.