Existing users please login

 

Home / Markets / Industries / Industrials

Ford CFO Leclair To Retire; Booth Named Successor

 
Wallace Witkowski
MarketWatch Pulse
     

    SAN FRANCISCO -- Ford Motor Co. said Friday that Chief Financial Officer Don Leclair will retire on Nov. 1. Lewis Booth, who has broad operational experience at Ford and a deep background in finance and product development, will succeed Leclair as CFO. Ford said Leclair and Booth will work together in the coming weeks to ensure a smooth transition.

    Copyright © 2008 MarketWatch, Inc.

     
     

    FOX Translator

    Detach

    No data currently available.

    No data currently available.

    SYMBOL

     
    Same-Store Sales

    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.