TSX:LIQ.DB.B - Post by User
Post by
Ticker28on Jan 19, 2016 1:56am
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Post# 24471049
Same Store Sales
Same Store SalesThis might be old news but thought I would share. Article shows other stores losing 40% of sales. It also has a brief mention of Liquor Stores NA.
YOY same store sales were great but last quarter in Alberta was down a mere 0.9%. Now contrast that with prior quarter in which Alberta same store sales were up 2.9% and overall combined same store sales for 3rd quarter were up a robust 6.7%. I think that was exceptionally well given the environment. The analyst always have to churn out some yarn about how bad it is which is utter nonsense. When it rallies they will be the first ones to raise targets and spin articles about what great value there is.
US same store sales are doing very well and thats going to be the thing to watch as they keep expanding. This slowly becomes less and less of an Alberta story each year.
https://www.theglobeandmail.com/globe-investor/investment-ideas/alcohol-sales-tank-in-wake-of-oil-slump/article27179935/