Stuart Varney
Stuart Varney
Veteran business journalist Stuart Varney joined FOX Business Network as an anchor in September 2007. He also serves as a business contributor and substitute host for FOX News Channel's Your World with Neil Cavuto.
Since joining FNC's business team in January 2004, Varney has contributed to the network's weekday and weekend business programming including Your World with Neil Cavuto, Bulls & Bears, Cavuto on Business and Cashin' In.
Prior to joining FNC, Varney served as the host of CNBC's Wall Street Journal Editorial Board with Stuart Varney. Before that, he was a co-anchor of CNN's Moneyline News Hour. Varney helped launch CNN's business news team in 1980 and hosted many of their financial programs including, Your Money, Business Day and Business Asia. His reporting and analysis of the stock market crash of 1987 helped earn CNN a Peabody Award for excellence in journalism.
A graduate of the London School of Economics, Varney began his broadcast journalism career as a business anchor for KEMO-TV in San Francisco.
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.
