Definition
Same-store sales (comparable sales or comps) measure revenue growth at stores open for at least 12 months, excluding new locations. This metric shows organic growth independent of store expansion. It's crucial for retail analysis - positive comps indicate healthy existing operations; negative comps signal problems.
Formula
Same-Store Sales Growth = (Current Period - Prior Period) / Prior Period × 100%
Example
A retailer reports 3% same-store sales growth, meaning existing stores averaged 3% higher revenue than last year.
FAQ
What is Same-Store Sales?
Revenue comparison for stores open at least one year.
How do you calculate Same-Store Sales?
A common formula for Same-Store Sales is: Same-Store Sales Growth = (Current Period - Prior Period) / Prior Period × 100%
Why is Same-Store Sales important?
Same-Store Sales helps investors evaluate fundamental analysis and make more informed decisions.