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Monday, October 06, 2008
G7 Finance Leaders To Meet On Friday Afternoon: Treasury
Greg Robb
MarketWatch Pulse
WASHINGTON -- The finance ministers and central bank governors of the G7 richest industrial nations will at the Treasury Department on Friday afternoon, the department announced Monday. The meeting will be held from about 2 - 6 p.m., the agency said. Wall Street economists believe that some coordinated action to combat the global credit crunch is imperitive.
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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.
