Fundamental Glossary / Growth Metrics
Same-Store Sales Growth
The change in sales at outlets that were open in both periods. Also called like-for-like or comparable-store sales.
Formula
Sales of stores open for the full current and prior period, this period versus last, divided by the prior-period sales of those stores.
What it means
New stores make a retail chain look like it is growing even when each old store is flat. Same-store sales growth removes the new doors and asks about the old ones.
It is a standard disclosure for retailers, restaurants, and some healthcare chains.
How to read it
Positive same-store growth plus a sensible number of new stores is healthy expansion. Negative same-store growth papered over by new openings is a rollout in front of a tired format.
What to watch
Stores that were renovated, expanded, or temporarily closed are sometimes left out. A flattering definition can exclude the weak doors. Check how long a store must be open to enter the set.
This note explains the term. It is not a research recommendation, a target price, or a comment on any security. Ratios and regulatory thresholds change; use the latest filing or circular for a live figure.