Same Store Sales

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Same Store Sales

When a retail company owns several stores, the amount in sales made by stores that have been open for more than one year. It is calculated by subtracting the amount in sales made by new stores from the total sales in a given period. Same store sales are useful because they allow a company to have an indication how much demand for its products is growing in stores that currently exist. Increases in same store sales may be as useful to expansion as opening new stores as they do not carry the overhead associated with it. Same store sales are released on a monthly basis and are also known as comps.
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Good Times Restaurants announced that same store sales at its Bad Daddy's concept increased 1.3% during the quarter over the prior year's increase of 0.2%, which includes the loss of the equivalent of twelve restaurant operating days caused by restaurant closures in Colorado due to the "Bomb Cyclone" weather event on March 13th.
Of this growth rate, global store network expansion accounted for 10.0 percent, same store sales contributed 7.6 percent and currency exchange rate changes added 1.7 percent.
NEW YORK -- The Thomson Reuters Same Store Sales Index is forecasting a 0.5% gain in U.S.
M2 EQUITYBITES-October 30, 2015-Rite Aid posts 1% higher October same store sales
and Rite Aid Corp., the two drug chains that report monthly sales results, same store sales for September were up 3.6%, Thompson Reuters says.
Monthly Sales - For the five weeks ended September 1, 2012, same store sales increased 0.4 percent over the prior-year period.
He noted that the timing of Easter this year hurt comparisons to last April.The 1,613-store retailer said while April sales began to improve toward the end of the month, certain markets under housing-related stress - including Florida, Arizona, Nevada, and parts of California - are still weak.Target said it now expects May same store sales to come in between a 1 percent loss and a 1 percent gain.
"After same store sales decreased in the low-single-digit range in October and November, same store sales increased in the mid-single-digit range during our December period," said Steven G.
M2 EQUITYBITES-October 2, 2015-Rite Aid announces 1.5% rise in September same store sales
The Thomson Reuters Same Store Sales Index registered a 4% comparable-stores sales gain for June, and a 5.1% gain when drug stores are included.
Rising gas prices continue to aid in same store sales growth, as the average price per gallon of gasoline in November was $3.01, up from $2.22 a gallon last year, according to Costco.
Good Times Restaurants announced that same store sales at its Bad Daddy's concept increased 0.2% during the quarter over the prior year's increase of 0.7%, which includes the loss of approximately ten store days due to the snow storm in North Carolina.