Sandra Smith
Sandra Smith
Sandra Smith joined FOX Business Network as a reporter in October 2007.
Prior to joining FBN, Smith was an on-air reporter for Bloomberg Television. In this role, she covered U.S. equities and derivatives markets and contributed to breaking news and analysis.
Before Bloomberg, Smith was the Director of Institutional Sales and Trading at Terra Nova Institutional, where she handled investment management and hedge fund accounts. She also assisted in the development of program trading models for existing and prospective clients. Prior to this, she was a trader at Hermitage Capital, where she executed U.S. equities and options orders, conducted portfolio analysis, prepared commission reports and serviced clients.
A graduate of Louisiana State University, Smith began her career as a research associate at Aegis Capital. There, she assisted in the research and analysis of retail stocks, prepared weekly stock newsletters to clients and identified investment opportunities.
FOX Translator
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
