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Article Date: April 2024
Word Count: 1102

Industry Profits Grew 10% in Q4, but Revenue Fell 2%


Plunging equipment and apparel sales pulled the top line down to $58,567.2 million from $59,509.8 million in the Holiday quarter at the 54 public companies we track, but better profits in the footwear and retail sectors boosted aggregate net income to $2,757.3 million from $2,507.0 million. Lower revenues were reported by 56% of companies, while 59% saw bottom line declines. Return on Sales was 4.7%, up from 4.2% in Q4, 2022, but down sequentially from 6.1% in Q3.

 

These are the results of our quarterly survey of global public companies that report ... Log in to view full article.

 


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