Recently Canadian tire had developed a plan which included opening new stores.
They said that this plan could produce "sustainable double-digit" earnings growth from a sales increase of 6 percent to 8 percent.
Does anyone know what sustainable double-digit earnings growth is?
2007-10-13 11:18:28 · 6 answers · asked by C.L. ~Raptors~ 4 in Business & Finance ➔ Corporations
"Sustainable double-digit earnings growth" refers to a continuing growth of at least 10% (10% is the lowest double digit number) each year - year after year.
2007-10-13 11:28:25 · answer #1 · answered by Doctor J 7 · 3⤊ 1⤋
Yes, double digit earnings growth is just that...
double digit = more than 9%
earnings = net income (sales minus all expenses)
growth = year over year growth (this years' income - last year's income, all divided by last year's income)
sustainable = something that can continue for a while
2007-10-13 23:24:56 · answer #2 · answered by CC 7 · 0⤊ 1⤋
anything in the multimillion levels I assume, but always, any growth based on extention of credit is a false and doomable growth... be weary be very weary...
2007-10-13 18:22:31 · answer #3 · answered by Vman 2040 3 · 0⤊ 0⤋
they're going to ship all the jobs out to china
2007-10-13 18:21:28 · answer #4 · answered by Eleanor Roosevelt 4 · 0⤊ 2⤋
nope
2007-10-13 18:21:08 · answer #5 · answered by Anonymous · 0⤊ 1⤋
idk
2007-10-13 18:20:49 · answer #6 · answered by BJay 2 · 0⤊ 2⤋