Every year the net income of the stores is shrinking from $17.01 B USD to smaller value of $ 16.51 B USD. This is present along with the flat revenues of the company. This can be present because of sales that are committed with the costs of goods sold, SGA expenses and income tax expenses. Despite all these issues the company is still managing to maintain the top position. Revenues of the company from Jan 2011 to Jan 2014 will be discussed now. Revenues of the company in 2011 were 421,849.0, in 2012 it was 446,509, in 2013 the revenues of the company were 468,651 and currently the revenues of the company are 476,294. After analyzing the revenues of the company, it can be stated that revenues of the company have increased from the following years. Gross profit of the company in the year 2011 was 106,903, in 2012 the gross profit was 111,516, in 2013 gross profit of the company was 116,354 and in 2014 the gross profit of the company reached by 118,225. Gross profit of the company has also increased with an increase during the following years. The company is facing increase in gross profit in following years and this is expected to increase. Discussing about the net income which excluded the common was at 15,355 in the year 2011. Net income was 15,720 in 2012, in 2013 this net income was 16,947 and in 2014 the net income was 15,878. Despite the issues and strict scrutiny against the company for violating the labor law standards and other issues, the company has still maintained to retain the financial performance of the company. The company has increased income along with gross profits of the company (Market watch, 2014).
Projected income statement for the company is present that explains the expected revenge and sales of the company to increase by the year 2013 (Bauer, 2010).