Quote Originally Posted by Rawz View Post
Same store ignore the stores closed due to their store rationalization program.

How about 20% less trading days but only 10% down on pcp. And that’s all stores, so includes trading with 4 less stores. With margin expansion probably making very similar earnings to pcp.

Credit to management.
Yes, that's normally the metric

So how does it work for say NZ

Annual Report F21 says 49 stores in F20 and F21 - store numbers constant

But this report says Same Stores going from 17,9m to 21.0m up 17.8%
and then All Stores going from 25.4m to 22,1m ... down 13.2%

Big difference in last years numbers between Same and All when it seems store numbers are the same -- that what made me think they do some clever sneaky stuff around trading days (and not just adjusting for any closed stores)

Otherwise the numbers make no sense ....a bit like those Comvita numbers the other day