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Monday, October 06, 2008
Pepsi Bottling Names Eric Foss Chairman Of The Board
John Ittner
MarketWatch Pulse
NEW YORK -- The Pepsi Bottling Group Inc. said Monday that its board of directors has appointed Chief Executive Eric Foss to the additional position as chairman of the board. With Foss's elevation to chairman, Barry Beracha will resume his responsibilities as a director. Beracha had served as Pepsi Bottling's non-executive chairman since 2007.
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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.






