Here to learn about the P&L statement – Later we will discuss in detail how it will be accomplished – Several breaks, 7-8 hours – Complete understanding, and how to prepare for a chart meeting – Will be able to use this info to improve the profitability GOAL – next slide
Read and explain each line – Chart meeting will demonstrate understanding of P&L – Now can be bonused based upon the porfitability of store vs. budget (Gas neutralized) – Will benefit from understanding – Bridge into next slide
Ask them to turn to the person next to them, and gather info and present their info for each line – Mark down on the Chart paper – Once complete, bridge into profit calculations – next slide
Explain that this is the format Circle K uses before starting slide – Most companies are the similar in nature – Follow with remainder of slide, explaining each line – Bridge into P&L overhead – Cover lens on data show -
Explain how this works - GP% is penny profit – What the GP% is, is how many pennies you’ve made for every dollar sold – How do we increase GP%?? – (Increase retails while maintaining or decreasing costs, or maintain retail while decreasing costs) – next slide
Ask them to follow with the P&L, and add as we go – see if someone knows using previous formula before showing whole slide – next slide
Next slide
What a difference!! Affect bonus!! – next slide
Allows us to experience better cost, which means they allow us to earn more GP dollars – Next Slide Gas GP
GP% is pennies made on the gallon!!!! Now go to overhead with P&L for Total Service
Ask if anyone knows how we get Total Gross Margin?? – next slide
Ask someone for the answer – Cover lens - Go to flip chart and draw a T – Increase GP, Decrease GP – Then to P&L on overhead for where we spend money
Ask someone for the answer – any ???’s - If none, ask them how we calculate Store Contribution – Next slide
Once finished, briefly go into Overhead/Depreciation…Then next slide – Chart meeting as group..next slide
30 minute time limit – Will use OH with P&L – Everyone will present a part of the Chart – I will make a presentation as a role model
![Welcome to Profit & Loss Workshop!! ,[object Object]](https://image.slidesharecdn.com/plwkshpslides-110324075849-phpapp01/85/p-lwkshpslides-1-320.jpg)
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