Comparable store sales if often used in the retail industry. What exactly does this mean?
2006-09-24 10:13:49 · 2 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
In addition to same time period and elimination of accounting adjustments, it also only uses revenue from the same stores that were operating in the same period last year. This way the revenue numbers are comparable in every way, and the reader won't be deceived by extraordinary factors.
2006-09-24 18:02:00 · answer #1 · answered by MagicalMke 4 · 0⤊ 0⤋
The sales of a given store are measured for a given period, say the month of November of 2005. Then the sales of the same store are measured for November of 2006. If there are no extraordinary factors, the sales are compared. After adjusting for inflation, if the sales figures go up from one period to the next, that is a good sign.
2006-09-24 17:19:53 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋