Like-for-like
Fundamental analysisA comparison adjusted so that only genuinely equivalent items are set against each other.
In plain terms
The difference between an honest comparison and a flattering one, and it is usually where the work is.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Organic growth
Fundamental analysisAlso called: Like-for-like growth, Underlying growth
Growth produced by the business the company already owned, excluding revenue consolidated from acquisitions made during the period.
In plain terms
The like-for-like number. A company reporting 18% having bought a third of the increase did not grow 18%.
Same-store sales
Fundamental analysisAlso called: Same-store sales growth, SSSG, Like-for-like sales
Revenue from stores, branches or outlets open for a full comparable period, excluding the effect of new openings and closures.
In plain terms
Separates a network that is expanding from one that is performing. Total growth of 21% alongside same-store growth of 2% means the growth was bought with capital expenditure.