Same-store sales is a measure of sales at retail stores that have been open for at least one year. The metric is used to compare the performance of a company's retail stores from one period to another, without the effects of new store openings or store closings.
Same-store sales is a popular metric in the retail industry, as it provides a more accurate picture of a company's underlying sales performance. However, the metric can be difficult to compare across companies, due to differences in the mix of stores in each company's portfolio.
What is AUV and SUV? An AUV is an autonomous underwater vehicle, while an SUV is a sports utility vehicle. Both are types of vehicles, but they serve different purposes. An AUV is designed to operate underwater without a human operator, while an SUV is designed to be a versatile, all-purpose vehicle that can be used on both paved and unpaved roads. What does AUV mean in finance? An AUV, or Adjusted Unit Volume, is a financial metric used to measure the sales performance of a company or product. It is calculated by dividing the total sales of a company or product by the number of units sold. This metric is useful for comparing the sales performance of different companies or products.
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What is AUV metric? The AUV metric is the average unit value of a company's products or services. This metric is used to measure a company's pricing strategy and to assess the overall value of its products or services. The AUV metric is also a useful tool for comparing a company's products or services to those of its competitors.
How do you measure same-store sales? To calculate same-store sales, you need to compare sales figures from one period to the sales figures from the same period in the previous year. This will give you a year-over-year comparison.
To get an accurate measure of same-store sales, you need to account for any changes in the store's size, layout, or product mix. You also need to account for changes in the way that sales are recorded, such as using a different point-of-sale system.
The most common way to adjust for these changes is to use a "sales per square foot" metric. This metric will give you a good idea of how well a store is performing, regardless of changes in its size or product mix.
To calculate sales per square foot, simply divide a store's total sales by its total square footage. This will give you a sales figure that is easy to compare across different stores.