Industry Sales Inched Higher in Q2 and Income Grew 5%
Aggregate revenues at the 51 public companies we track were $55,011.2 million in the second quarter, up from $54,917.7 million a year ago, and profits grew 5% to $3,261.6 million from $3,119.8 million overall. Red ink at Under Armour and VF Corp. from one-time charges partially offset a nine-figure improvement from Nike and a narrowing loss at Peloton, but overall, more than half of the companies reported lower net income this year than in 2023. Sales and profits improved in the footwear and retail sectors but were down in apparel, diversified, ... Log in to view full article.