Retail

Seasonally-adjusted Q2 2024 after-tax profits of US retailers $49.9 bn

14 Nov '24

1 min read

Seasonally-adjusted Q2 2024 after-tax profits of US retailers $49.9 bn

Pic: Adobe Stock

Insights

Seasonally-adjusted after-tax profits of US retail corporations with assets of $50 million and over totalled $49.9 billion in Q2 2024—up by $17.1 billion from $32.8 billion recorded in Q1, but not statistically different from $49.4 billion in Q2 2023.
Seasonally-adjusted sales for Q2 2024 were worth $1,021.9 billion, not different from $1,019.0 billion in Q1 2024 and $1,014.6 billion in Q2 2023.

Seasonally-adjusted after-tax profits of US retail corporations with assets of $50 million and over totalled $49.9 billion in the second quarter (Q2) this year—up by $17.1 billion from $32.8 billion recorded in Q1, but not statistically different from $49.4 billion recorded in Q2 2023, according to the Census Bureau.

Seasonally-adjusted sales for Q2 2024 were worth $1,021.9 billion, not statistically different from $1,019.0 billion in Q1 2024 and $1,014.6 billion in Q2 2023.

Without seasonal adjustment, Q2 2024 after-tax profits of US retail corporations with assets of $50 million and over totalled $49.9 billion—not statistically different from the figure of $49.3 billion recorded in Q2 2023, but up by $17.9 billion from $31.9 billion recorded in Q1 2024.

Q2 2024 sales sans seasonal adjustment were worth $1,035.2 billion, not statistically different from the $1,028.2 billion recorded in Q2 2023, but up by $60.6 billion from the $974.6 billion recorded in Q1 2024.

Fibre2Fashion News Desk (DS)

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