Definitions for like for like
like for like

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1. Like for like

   Like for like (LFL) growth is a measure of growth in sales, adjusted for new or divested businesses. This is a widely used indicator of retailers' current trading performance. The adjustment is important in businesses that show a significant dynamic of expansion, disposals or closures. To compare sales figures from different periods is only meaningful, as a measure of the effectiveness of the sales function, when using the same basis for measurement. One method compares the latest year's sales only to those from activities or locations that were in effect the previous year as well. This method would ignore sales that were only possible this year, for reasons such as a merger or acquisition or the launch of a new product or store. However, there is a significant choice of alternative methods of calculation, which makes it difficult to compare figures quoted by different retailers.The portion of current sales achieved through activities that are comparable to the activities of the previous year. Investopedia explains Like-For-Like Sales. Using like-for-like sales is a method of valuation that attempts to exclude any effects of expansion, acquisition, or other events that artificially enlarge the company's sales. For example, if you are trying to compare the turnover of company ABC from this year to last year, it makes sense to exclude from the equation any sales resulting from acquisitions this year.

WikidataRate this definition:5.0 / 1 vote

1. Like for like

   Like for like growth is a measure of growth in sales, adjusted for new or divested businesses. This is a widely used indicator of retailers' current trading performance. The adjustment is important in businesses that show a significant dynamic of expansion, disposals or closures. To compare sales figures from different periods is only meaningful, as a measure of the effectiveness of the sales function, when using the same basis for measurement. One method compares the latest year's sales only to those from activities or locations that were in effect the previous year as well. This method would ignore sales that were only possible this year, for reasons such as a merger or acquisition or the launch of a new product or store. However, there is a significant choice of alternative methods of calculation, which makes it difficult to compare figures quoted by different retailers.

How to pronounce like for like?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say like for like in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of like for like in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of like for like in Pythagorean Numerology is: 5

Examples of like for like in a Sentence

1. Charles Stanley:

   Most people think the wider recovery at Tesco is going to be painful and very protracted. One tends to feel that like-for-like sales could well remain in negative territory for another 18 months to two years.

2. Professor Martin Tangney:

   I see the whole energy thing as a matrix where there will be lots of different renewable energy forms coming in to replace oil, which won't happen like-for-like overnight, for me butanol should be integrated into the existing structure. We have no intention of developing a brand new infrastructure with our own filling stations and everything. We would bring it in as a blend and distribute it so the consumer sees no difference in their day-to-day activity but they are in fact helping the planet and reducing the amount of oil we consume by putting this into our cars.

3. Dominic Raab:

   I don't think it is clear. I don't think those comparisons (with other countries like South Korea) are like for like because of where we are on the curve.

4. Canaccord Genuity analyst David Jeary:

   I can not remember the last time I saw a positive like-for-like sales figure for the High Street division... so that's an indication of breaking the trend.

5. Marcos Lopez:

   Results reflect a very strong operating performance with positive like-for-like sales growth in all geographies.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Like_for_Like
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=like for like