More than three-quarters of larger U.S. companies reported higher revenues than before Covid-19, according to a Wall Street Journal analysis, which indicates that many have adapted to the changing business conditions caused by the Covid-19. pandemic.
Among the S&P 500 companies, 213 have recorded revenue for the second quarter of the calendar year above 2019 levels after a drop in 2020. Another 153 have had revenue for the second quarter in each of the last two years they have passed in 2019.
Meanwhile, 101 companies remain below 2019 figures and 10 recorded a drop this year after an increase last year.
The figures are based on an analysis by the FactSet Data Journal of the 477 S&P 500 companies that reported second-quarter results through Friday.
Slower recovery
The consumer services sector recorded the largest decline in revenue in the second quarter of 2021 compared to the same period in 2019. The following graphs show a percentage change in median second quarter revenue since 2019, by sector.