Like-for-Like Sales

Like-for-Like Sales

The comparison of a company's sales over a given period of time to the sales from a different period of time that resulted from the same or similar activities. For example, if a company has $3 million in sales in 2009 from its flagship store, this is compared to its sales from the same flagship store in 2008 and not to any of its satellite stores. Comparing like-for-like sales ignores the effects of expansion or other changes in activities that could distort comparisons from year to year.
References in periodicals archive ?
In the previous quarter, Sainsbury's saw its like-for-like sales fall 3.
Like-for-like sales, excluding fuel, rose 3% year-on-year in the 23 weeks to 15 July.
Analysts said its performance was broadly in line with expectations and that everyone had seen 1% wiped off their like-for-like sales by the bad weather.
But like-for-like sales at the M&S franchise rose 7.
Le Riche, CI Trader's grocery arm, which operates the Checkers fascia, posted like-for-like sales up 6.
which is expecting it to achieve like-for-like sales growth in its second quarter.
Mark Hughes, analyst at Numis Securities, said his confidence in Big Food Group--half-way through its second quarter--had increased and he predicted that Iceland, its frozen food retail business, would achieve a like-for-like sales uplift of between 1.
In the first quarter, like-for-like sales at Iceland were down 0.
Big Food Group remained upbeat about prospects based on encouraging like-for-like sales growth at reformatted Iceland stores and the long-term plan to develop Booker's delivered service.
However, the acceleration of like-for-like sales growth in the second half of the quarter to 4% was more a reflection of the new space from megastore openings than a significant improvement in underlying performance.
7% rise in group like-for-like sales in the 14 weeks to July 6, with food steaming ahead at 4.