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How is like-for-like sales calculated?
Same store sales is calculated by adding the total sales for all of the stores that have been operational last year and subtracting this amount from the total sales of the same stores this year, then dividing the result by the total sales of same stores from last year and multiplying by 100 to get the percentage.
What is like-for-like summary values?
Using like-for-like sales is a method of valuation that attempts to exclude any effects of expansion, acquisition, or other events that artificially enlarge the company’s sales.
What is like-for-like rental growth?
Like-for-like rental income growth is the growth in net rental income on properties owned throughout the current and previous periods under review.
What is like-for-like analysis?
Like-for-like sales serve as a method of financial analysis that is used to identify which of a company’s products, divisions, or stores are contributing to its growth and which are lagging. It also excludes extraneous factors that could artificially inflate or deflate the numbers, such as a major foreign acquisition.
What is like-for-like basis?
( abbreviation LFL) ACCOUNTING. like-for-like figures compare sales, financial results, etc. in one period with those for the previous period, taking into account exactly the same number of stores, businesses, activities, etc.
What is a like-for-like basis?
What is like for like basis?
Like-for-like sales numbers indicate the revenues of stores or products with similar characteristics, omitting outliers that could distort the results. Comparison of the numbers over time gives insight into the factors that are contributing to a company’s growth or decline.
How do you make a like-for-like comparison?
like-for-like figures compare sales, financial results, etc. in one period with those for the previous period, taking into account exactly the same number of stores, businesses, activities, etc.
What does like for likes mean?
figures that compare sales, financial results, etc. in one period with those for the previous period, taking into account exactly the same number of stores, businesses, activities, etc. with no new ones added: Their like-for-likes show a big improvement on last year.
What is a like-for-like sales comparison?
The like-for-like sales comparison is an adjusted metric that compares two time periods, restricting the comparison to products or stores with the same characteristics. In this example, we use the like-for-like technique to compare the sales of Contoso stores that had sales in all the time periods considered.
How do you analyze like-for-like sales?
When analyzing like-for-like sales, segments are typically grouped to show percentage growth rates depending on the time and segmentation used by the company. Like all types of financial statement analysis, companies can compare data from the same quarter in a previous year, the prior quarter, or across several sequential quarters.
What is “like for like” analysis?
Background “Like for Like” or “Comparative” sales analysis is a common requirement in the Retail sector. The objective is to assess growth from the underlying “business” by comparing the business on a “like-for-like” basis with the business in the previous period.
How do retail companies use like-for-like sales to drive growth?
Retail companies use the like-for-like metric most often for their insight into existing stores versus newly opened stores. If a retail company has a high like-for-like store sales growth rate and a high total revenue growth rate, it can be seen as a sign that established stores are driving growth.