In retail, sales at stores which have been open for more than one year. This enables investors to determine what component of the overall sales growth was due to the opening of new stores, and to also track the profitability of individual branches. Same-store sales are also an important factor in deciding how a company should modify its retail strategy.

Use comps in a sentence

I was interested in comps because they were pretty cool and they were open more than one year, which meant they were legit.

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The comps were increasing consistently over a long enough timeline to provide substantial meaning for our new product deployment project.

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Because of our central location and superb customer service, this particular store has very good comps out of all branches of this retailer.

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comprehensive insurance comparable sales