Tracy Byrnes
Tracy Byrnes
Tracy Byrnes joined FOX Business Network in October 2007 as a reporter.
Since September 2005, Byrnes has been a recurring guest on FOX News Channel (FNC), appearing on "Cashin' In," "Bulls and Bears," and "Your World with Neil Cavuto." She has also been a weekly morning business correspondent for FOX News affiliates in New York, Chicago, Washington, D.C., Philadelphia, Detroit, Salt Lake City, and Atlanta.
Byrnes has been a freelancer reporter in the financial news sector since 2001, contributing personal finance and tax stories weekly to TheStreet.com and the New York Post. She was also a senior writer for TheStreet.com, where she created the Tax Forum and Global Tax Forum columns.
Byrnes began her career at Ernst & Young LLP as a senior accountant.
A graduate of Lehigh University with a B.A. in Economics and English, Byrnes is the recipient of the Newswomen¿s Club of New York Internet Breaking Business News Award and the NY State Society of CPAs award for Online Excellence in Journalism. She received her Master of Business Administration Degree in Accounting from Rutgers University Graduate School of Management.
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.
