This document discusses techniques for forecasting sales in the food and beverage industry. It emphasizes the importance of maintaining accurate sales histories to analyze trends and variances over time. Sales histories should track key metrics like revenue, number of guests served, and average spending per guest. This allows operators to calculate things like fixed and rolling averages. Operators can then use historical data and sales/guest count variances to predict future revenues and guest numbers through quantitative forecasting methods. Accurate forecasts are crucial for efficient budgeting, staffing, and purchasing decisions.
This document discusses managing food costs through menu forecasting, standardized recipes, inventory control, and purchasing. It explains how to forecast menu item sales using historical data and popularity indexes. Standardized recipes help control costs and quality, and should include ingredients, methods, and yields. Inventory control determines optimal stock levels considering storage, perishability, delivery schedules, and costs. Together, these techniques help foodservice operations manage food and beverage expenses.
This chapter discusses key concepts for managing food and beverage costs including the four major expense categories, percentages, profit formulas, budgets, and technology tools. It emphasizes that controlling costs should not compromise guest service and outlines how food, labor, other expenses, and profits are calculated and analyzed as percentages of revenue in profit and loss statements and budgets.
This document discusses managing the food and beverage production process. It covers topics like production scheduling, product issuing, inventory control, and determining actual product costs. Product issuing involves requisitioning items based on production schedules and issuing them from storage areas to production areas. Inventory levels must be monitored and adjusted to avoid shortages. Maintaining proper control of the production process from scheduling to issuing to inventory management is key to controlling food and beverage costs.
This document discusses concepts related to food and beverage cost control. It begins by explaining that successful restaurant managers understand the importance of carefully monitoring costs like food, beverage, and labor costs, which typically represent 60-70% of total costs. The document then outlines learning objectives and defines various cost concepts like fixed, variable, and controllable costs. It also discusses sales concepts such as monetary terms like total sales and average check, and non-monetary terms like covers and seat turnover. Finally, the document introduces the cost control process and techniques like establishing standards and procedures.
This document discusses methods for calculating and analyzing cost-to-sales ratios in food service operations. It provides formulas for calculating food cost percentage, beverage cost percentage, and labor cost percentage by dividing the individual costs by total sales. Calculating these cost percentages allows managers to compare costs over time and between different operations. The percentages also provide a means to estimate costs or sales figures when one value is known.
https://www.udemy.com/hotel-management-food-beverage-and-general-cost-control/?couponCode=INTERNAL
In Hospitality management, F&B and other general Cost are second largest cost in hospitality apart from labour cost.
in this hotel management cost control course you will learn the fundamental processes by which these cost can be controlled.
we will learn various
- PAR Setting process for general inventory
- How to Calculate kitchen food orders
- Butcher Test / Yield Tests
- Bar Spot Checks
- Various other control aspects related to hotel cost controls
This Course is designed for hotel cost controllers, finance staff, department heads to be able to understand how cost for hotels are managed.
The document discusses key cost and sales concepts for food and beverage operations. It defines different types of costs like fixed, variable, and controllable costs. It also discusses how to calculate important metrics like average sales, cost percentages, and cost-to-sales ratios. Maintaining an understanding of these concepts and monitoring costs and sales ratios is important for restaurants to control costs and ensure profitability.
The document discusses key concepts related to food and beverage cost control. It defines various types of costs such as fixed, variable, and semi-variable costs. It also discusses the importance of cost-to-sales ratios for monitoring costs and profits. The document provides formulas for calculating cost percentages, sales prices based on cost percentages, and costs based on sales prices and cost percentages. Maintaining appropriate cost-to-sales ratios is important for restaurant profitability.
This document discusses managing food costs through menu forecasting, standardized recipes, inventory control, and purchasing. It explains how to forecast menu item sales using historical data and popularity indexes. Standardized recipes help control costs and quality, and should include ingredients, methods, and yields. Inventory control determines optimal stock levels considering storage, perishability, delivery schedules, and costs. Together, these techniques help foodservice operations manage food and beverage expenses.
This chapter discusses key concepts for managing food and beverage costs including the four major expense categories, percentages, profit formulas, budgets, and technology tools. It emphasizes that controlling costs should not compromise guest service and outlines how food, labor, other expenses, and profits are calculated and analyzed as percentages of revenue in profit and loss statements and budgets.
This document discusses managing the food and beverage production process. It covers topics like production scheduling, product issuing, inventory control, and determining actual product costs. Product issuing involves requisitioning items based on production schedules and issuing them from storage areas to production areas. Inventory levels must be monitored and adjusted to avoid shortages. Maintaining proper control of the production process from scheduling to issuing to inventory management is key to controlling food and beverage costs.
This document discusses concepts related to food and beverage cost control. It begins by explaining that successful restaurant managers understand the importance of carefully monitoring costs like food, beverage, and labor costs, which typically represent 60-70% of total costs. The document then outlines learning objectives and defines various cost concepts like fixed, variable, and controllable costs. It also discusses sales concepts such as monetary terms like total sales and average check, and non-monetary terms like covers and seat turnover. Finally, the document introduces the cost control process and techniques like establishing standards and procedures.
This document discusses methods for calculating and analyzing cost-to-sales ratios in food service operations. It provides formulas for calculating food cost percentage, beverage cost percentage, and labor cost percentage by dividing the individual costs by total sales. Calculating these cost percentages allows managers to compare costs over time and between different operations. The percentages also provide a means to estimate costs or sales figures when one value is known.
https://www.udemy.com/hotel-management-food-beverage-and-general-cost-control/?couponCode=INTERNAL
In Hospitality management, F&B and other general Cost are second largest cost in hospitality apart from labour cost.
in this hotel management cost control course you will learn the fundamental processes by which these cost can be controlled.
we will learn various
- PAR Setting process for general inventory
- How to Calculate kitchen food orders
- Butcher Test / Yield Tests
- Bar Spot Checks
- Various other control aspects related to hotel cost controls
This Course is designed for hotel cost controllers, finance staff, department heads to be able to understand how cost for hotels are managed.
The document discusses key cost and sales concepts for food and beverage operations. It defines different types of costs like fixed, variable, and controllable costs. It also discusses how to calculate important metrics like average sales, cost percentages, and cost-to-sales ratios. Maintaining an understanding of these concepts and monitoring costs and sales ratios is important for restaurants to control costs and ensure profitability.
The document discusses key concepts related to food and beverage cost control. It defines various types of costs such as fixed, variable, and semi-variable costs. It also discusses the importance of cost-to-sales ratios for monitoring costs and profits. The document provides formulas for calculating cost percentages, sales prices based on cost percentages, and costs based on sales prices and cost percentages. Maintaining appropriate cost-to-sales ratios is important for restaurant profitability.
This document provides an introduction to food and beverage cost control. It defines key terms like control, cost control, direct costs, indirect costs, fixed costs, and variable costs. It explains that the goals of cost control are to keep costs low and profits high by minimizing inefficiency and waste. It also notes that both cost control and sales control are needed to ensure profitable operations. Responsibility for cost control typically falls to managers who direct subordinates responsible for areas like food costs, beverage costs, and labor costs.
Food cost control is a system used in hospitality businesses like hotels and restaurants to regulate costs and ensure they align with financial objectives. It focuses on controlling the largest cost element - food costs. The objectives of food cost control are to analyze income and expenses by department, set menu prices based on costs, prevent waste and inefficiencies, and provide management reports. Implementing an effective food cost control system involves three phases - setting basic financial policies, implementing operational controls around the catering cycle, and post-operational controls to analyze results. Food cost control faces obstacles like unpredictable demand, perishable goods, daily menu variations, short operational cycles, and high departmentalization in larger businesses.
Food cost control involves setting standards for costs according to business objectives and policies. It means adhering to predetermined standards for buying, preparing, and selling food. Food cost includes the cost of food cooked plus wastage, spoilage, and shrinkage/pilferage. It should not be reduced at the expense of quality or customer satisfaction. Controlling food cost is important because every 1 rupee saved equals 10 rupees in sales and improves the bottom line. Methods of control include reducing shrinkage/pilferage through better security and workplace culture, minimizing spoilage through storage and kitchen facilities, and decreasing wastage through planning quantities and bringing a culture of high performance rather than policing.
Cost control involves minimizing costs without sacrificing quality for customers. A budget forecasts revenue, expenses, and profit over periods like 28 days. If actual results vary significantly from the budget, management must define problems, determine causes, and take corrective action. Precise sales forecasts allow for accurate expense and staffing estimates, increasing operational efficiency and profitability.
The document discusses methods for controlling food production costs, including establishing standard portion sizes, recipes, and costs. It describes four methods for calculating standard portion costs: formula, recipe detail/cost cards, butcher tests, and cooking loss tests. Butcher tests and cooking loss tests use yield percentages derived from testing to determine costs for various cuts of meat and cooked items. Standardization of portions, recipes, and costs helps control food costs and reduce waste.
FACTORS AFFECTING MENU DESIGN, FACTORS TO BE CONSIDER IN PLANNING MENU, MENU PRICING METHODS, MENU ENGINEERING, AESTHETIC FACTORS IN PLANNING MENU, NUTRITIONAL INFLUENCE IN PLANNING MENU
Principles of food beverage and labor cost controlslibfsb
The Rush Hour Inn, owned by Kim Rusher, was experiencing declining profits over the past two years despite increasing sales volumes. Her accountant's statement showed a restaurant profit of only $36,117 for the most recent year. In contrast, the Graduate Restaurant nearby, owned by Bill Young, who studied hospitality management in college, had been profitable each year since he opened it four years prior. The key difference appeared to be that Bill paid close attention to controlling his costs and ensuring they remained in line with his sales.
The document discusses the importance of food costing for maintaining profitability in the food business. It explains that a high food cost results in less profit, while a less food cost leads to higher profit. It then provides the basic formula for calculating food cost percentage by dividing the total cost of food sold by the total sales value. Maintaining a food cost percentage between 30-33% is considered ideal for balancing quality and profitability.
The document discusses key concepts in food costing and cost control for chefs. It explains how to perform basic food costing calculations to determine costs at various stages from purchase to finished dish. This includes determining the usable yield percentage, edible portion cost, and total recipe cost. The total recipe cost is used to estimate the minimum selling price required to meet the target food cost percentage. Standardizing recipes, tracking costs, and understanding yields and markups is important for financial management in the food business.
This document discusses food storing and issuing control. It covers establishing standards for food storage, including storage temperatures and facilities. It explains the differences between inter-unit and intra-unit food transfers and their importance in determining accurate food costs. The document also discusses record keeping procedures for food storage, including requisition forms, pricing of requisitions, and computerized inventory systems. Sample problems are provided to demonstrate calculating food costs both before and after accounting for internal food transfers between business units.
The document discusses food receiving control procedures. It outlines establishing standards for receiving, including verifying quantity, quality, and price against purchase orders. It also describes segregating foods into directs and stores, completing a receiving clerk's daily report, and properly tagging and storing received foods. Common oversights in receiving like accepting incorrect quantities or faulty expiration checks are also noted.
The document provides an overview of the foodservice industry, including types of foodservice operations, sectors of the industry, and variables that influence food and beverage service. It discusses key aspects of the customer experience, such as food and beverages offered, service levels, cleanliness and atmosphere. Food and beverage service methods can range from full table service to self-service, depending on factors like the establishment type and customer needs.
The Changing Role of Managerial Accounting in a GLOBAL Business EnvironmentAbdullah Rabaya
Absorption costing and variable costing treat fixed manufacturing overhead costs differently. Absorption costing includes a portion of fixed overhead in the product cost, while variable costing excludes fixed overhead. This leads to differences in reported income when production levels differ from sales volumes between periods. However, over multiple periods, total income is the same under both absorption and variable costing.
A complete guide on managing restaurant food costs Posist
Managing restaurant food costs is one of the major aspects of running a restaurant profitably. We have listed the important points that would keep your food costs under control
The document discusses allocating support department costs to producing departments. It provides examples of allocating costs using different allocation bases like number of employees, square footage, and labor hours. The sequential method allocates costs by considering interactions between support departments, while the direct method ignores these interactions. Multiple examples are given of calculating allocation rates and distributing support department costs using these rates.
The document discusses foodborne illness risks in the food service industry. It identifies five major risks: 1) the type of food and its intended use, 2) food handling, preparation, and processing, 3) equipment and facility layout, 4) management and employee food safety knowledge, and 5) the volume of food and typical patronage. It then discusses each of these risks in more detail. The document concludes by discussing the need for food safety and introducing Hazard Analysis and Critical Control Points (HACCP) plans as a risk management measure to mitigate foodborne illness risks.
This document summarizes standards and procedures for developing food and beverage cost controls. It discusses establishing separate standards for different outlets like restaurants and banquets. While more specific standards provide more useful information, they also require more time and effort to develop and monitor. An ideal system balances usefulness and workload. The document then outlines five standard cost tools: standard purchase specifications, standard recipes, standard yields, standard portion sizes, and standard portion costs. It provides details on how each tool is developed and used to maintain consistent quality, costs and portions.
Unit 3 - Factors to Consider in Menu Planning.pptxHannaViBPolido
The document discusses factors to consider in menu planning. It begins by defining the menu and its importance as the focal point of a food service operation. It then discusses various types of menus including cyclical menus, pre-planned/designed menus, structured menus, and provides examples of factors to consider for breakfast, lunch/dinner, tea, and light buffet menus. The overall document provides guidance on menu planning principles and different types of menus to suit various meal occasions and food service operations.
This document outlines key concepts around food and beverage cost control for hospitality managers. It discusses the manager's main roles of communication, cost/expense control, revenue enhancement, and forecasting. It then covers introducing cost control, including defining costs, types of costs, and control techniques. Specific techniques covered include establishing standards, procedures, training, budgets, and ensuring proper purchasing, production, recipes and portion sizes to control food costs. The overall goal of cost control is to help ensure profitability through regulating expenses.
This chapter discusses controlling and reducing other expenses in foodservice operations. It defines other expenses as those that are neither food, beverage, nor labor costs. These expenses can be categorized as fixed, variable, or mixed depending on how they change with sales volume. The chapter also distinguishes between controllable and noncontrollable expenses and provides methods for monitoring expenses using cost percentages or cost per guest. It concludes with strategies for reducing other expenses such as implementing more efficient practices or increasing total sales.
This document discusses managing food and beverage pricing. It covers menu formats like standard, daily, and cycle menus. It also discusses factors that affect menu pricing such as competition, quality, and sales mix. Methods for assigning menu prices are presented, including using product cost percentages, pricing factors, and contribution margins. Special pricing situations involving coupons, value pricing, and buffets are also examined. Finally, technology tools for pricing analysis and menu development are described.
This document provides an introduction to food and beverage cost control. It defines key terms like control, cost control, direct costs, indirect costs, fixed costs, and variable costs. It explains that the goals of cost control are to keep costs low and profits high by minimizing inefficiency and waste. It also notes that both cost control and sales control are needed to ensure profitable operations. Responsibility for cost control typically falls to managers who direct subordinates responsible for areas like food costs, beverage costs, and labor costs.
Food cost control is a system used in hospitality businesses like hotels and restaurants to regulate costs and ensure they align with financial objectives. It focuses on controlling the largest cost element - food costs. The objectives of food cost control are to analyze income and expenses by department, set menu prices based on costs, prevent waste and inefficiencies, and provide management reports. Implementing an effective food cost control system involves three phases - setting basic financial policies, implementing operational controls around the catering cycle, and post-operational controls to analyze results. Food cost control faces obstacles like unpredictable demand, perishable goods, daily menu variations, short operational cycles, and high departmentalization in larger businesses.
Food cost control involves setting standards for costs according to business objectives and policies. It means adhering to predetermined standards for buying, preparing, and selling food. Food cost includes the cost of food cooked plus wastage, spoilage, and shrinkage/pilferage. It should not be reduced at the expense of quality or customer satisfaction. Controlling food cost is important because every 1 rupee saved equals 10 rupees in sales and improves the bottom line. Methods of control include reducing shrinkage/pilferage through better security and workplace culture, minimizing spoilage through storage and kitchen facilities, and decreasing wastage through planning quantities and bringing a culture of high performance rather than policing.
Cost control involves minimizing costs without sacrificing quality for customers. A budget forecasts revenue, expenses, and profit over periods like 28 days. If actual results vary significantly from the budget, management must define problems, determine causes, and take corrective action. Precise sales forecasts allow for accurate expense and staffing estimates, increasing operational efficiency and profitability.
The document discusses methods for controlling food production costs, including establishing standard portion sizes, recipes, and costs. It describes four methods for calculating standard portion costs: formula, recipe detail/cost cards, butcher tests, and cooking loss tests. Butcher tests and cooking loss tests use yield percentages derived from testing to determine costs for various cuts of meat and cooked items. Standardization of portions, recipes, and costs helps control food costs and reduce waste.
FACTORS AFFECTING MENU DESIGN, FACTORS TO BE CONSIDER IN PLANNING MENU, MENU PRICING METHODS, MENU ENGINEERING, AESTHETIC FACTORS IN PLANNING MENU, NUTRITIONAL INFLUENCE IN PLANNING MENU
Principles of food beverage and labor cost controlslibfsb
The Rush Hour Inn, owned by Kim Rusher, was experiencing declining profits over the past two years despite increasing sales volumes. Her accountant's statement showed a restaurant profit of only $36,117 for the most recent year. In contrast, the Graduate Restaurant nearby, owned by Bill Young, who studied hospitality management in college, had been profitable each year since he opened it four years prior. The key difference appeared to be that Bill paid close attention to controlling his costs and ensuring they remained in line with his sales.
The document discusses the importance of food costing for maintaining profitability in the food business. It explains that a high food cost results in less profit, while a less food cost leads to higher profit. It then provides the basic formula for calculating food cost percentage by dividing the total cost of food sold by the total sales value. Maintaining a food cost percentage between 30-33% is considered ideal for balancing quality and profitability.
The document discusses key concepts in food costing and cost control for chefs. It explains how to perform basic food costing calculations to determine costs at various stages from purchase to finished dish. This includes determining the usable yield percentage, edible portion cost, and total recipe cost. The total recipe cost is used to estimate the minimum selling price required to meet the target food cost percentage. Standardizing recipes, tracking costs, and understanding yields and markups is important for financial management in the food business.
This document discusses food storing and issuing control. It covers establishing standards for food storage, including storage temperatures and facilities. It explains the differences between inter-unit and intra-unit food transfers and their importance in determining accurate food costs. The document also discusses record keeping procedures for food storage, including requisition forms, pricing of requisitions, and computerized inventory systems. Sample problems are provided to demonstrate calculating food costs both before and after accounting for internal food transfers between business units.
The document discusses food receiving control procedures. It outlines establishing standards for receiving, including verifying quantity, quality, and price against purchase orders. It also describes segregating foods into directs and stores, completing a receiving clerk's daily report, and properly tagging and storing received foods. Common oversights in receiving like accepting incorrect quantities or faulty expiration checks are also noted.
The document provides an overview of the foodservice industry, including types of foodservice operations, sectors of the industry, and variables that influence food and beverage service. It discusses key aspects of the customer experience, such as food and beverages offered, service levels, cleanliness and atmosphere. Food and beverage service methods can range from full table service to self-service, depending on factors like the establishment type and customer needs.
The Changing Role of Managerial Accounting in a GLOBAL Business EnvironmentAbdullah Rabaya
Absorption costing and variable costing treat fixed manufacturing overhead costs differently. Absorption costing includes a portion of fixed overhead in the product cost, while variable costing excludes fixed overhead. This leads to differences in reported income when production levels differ from sales volumes between periods. However, over multiple periods, total income is the same under both absorption and variable costing.
A complete guide on managing restaurant food costs Posist
Managing restaurant food costs is one of the major aspects of running a restaurant profitably. We have listed the important points that would keep your food costs under control
The document discusses allocating support department costs to producing departments. It provides examples of allocating costs using different allocation bases like number of employees, square footage, and labor hours. The sequential method allocates costs by considering interactions between support departments, while the direct method ignores these interactions. Multiple examples are given of calculating allocation rates and distributing support department costs using these rates.
The document discusses foodborne illness risks in the food service industry. It identifies five major risks: 1) the type of food and its intended use, 2) food handling, preparation, and processing, 3) equipment and facility layout, 4) management and employee food safety knowledge, and 5) the volume of food and typical patronage. It then discusses each of these risks in more detail. The document concludes by discussing the need for food safety and introducing Hazard Analysis and Critical Control Points (HACCP) plans as a risk management measure to mitigate foodborne illness risks.
This document summarizes standards and procedures for developing food and beverage cost controls. It discusses establishing separate standards for different outlets like restaurants and banquets. While more specific standards provide more useful information, they also require more time and effort to develop and monitor. An ideal system balances usefulness and workload. The document then outlines five standard cost tools: standard purchase specifications, standard recipes, standard yields, standard portion sizes, and standard portion costs. It provides details on how each tool is developed and used to maintain consistent quality, costs and portions.
Unit 3 - Factors to Consider in Menu Planning.pptxHannaViBPolido
The document discusses factors to consider in menu planning. It begins by defining the menu and its importance as the focal point of a food service operation. It then discusses various types of menus including cyclical menus, pre-planned/designed menus, structured menus, and provides examples of factors to consider for breakfast, lunch/dinner, tea, and light buffet menus. The overall document provides guidance on menu planning principles and different types of menus to suit various meal occasions and food service operations.
This document outlines key concepts around food and beverage cost control for hospitality managers. It discusses the manager's main roles of communication, cost/expense control, revenue enhancement, and forecasting. It then covers introducing cost control, including defining costs, types of costs, and control techniques. Specific techniques covered include establishing standards, procedures, training, budgets, and ensuring proper purchasing, production, recipes and portion sizes to control food costs. The overall goal of cost control is to help ensure profitability through regulating expenses.
This chapter discusses controlling and reducing other expenses in foodservice operations. It defines other expenses as those that are neither food, beverage, nor labor costs. These expenses can be categorized as fixed, variable, or mixed depending on how they change with sales volume. The chapter also distinguishes between controllable and noncontrollable expenses and provides methods for monitoring expenses using cost percentages or cost per guest. It concludes with strategies for reducing other expenses such as implementing more efficient practices or increasing total sales.
This document discusses managing food and beverage pricing. It covers menu formats like standard, daily, and cycle menus. It also discusses factors that affect menu pricing such as competition, quality, and sales mix. Methods for assigning menu prices are presented, including using product cost percentages, pricing factors, and contribution margins. Special pricing situations involving coupons, value pricing, and buffets are also examined. Finally, technology tools for pricing analysis and menu development are described.
All in the family ira sohn conference.2011alphamasters
Family Dollar is a discount retailer operating approximately 7,000 stores across the United States. It focuses on consumable products and prices items comparably to mass merchants like Walmart. While Family Dollar has consistently grown same store sales, its profitability has lagged competitors like Dollar General. The analysis identifies opportunities for Family Dollar to improve productivity, including increasing sales per square foot and margins to close the gap with Dollar General.
The document summarizes Dollar Tree's 2015 annual report. In 2015, Dollar Tree acquired Family Dollar Stores, significantly expanding its store count and sales. Key details include:
- Dollar Tree acquired Family Dollar Stores in July 2015, increasing its store count to over 13,000 stores.
- Net sales grew 80.2% to a record $15.5 billion for the first time, processing over 1.7 billion customer transactions.
- Dollar Tree plans to focus on improving sales and profitability at the Family Dollar banner while continuing to grow both the Dollar Tree and Family Dollar concepts going forward.
This document analyzes competitors in the $600 billion U.S. supermarket industry. It finds conventional supermarkets have lost market share to various other formats. Key public companies analyzed include Safeway, Ingles, Sprouts, Fresh Market, and Village Super Market. Sprouts and Fresh Market have achieved higher sales and profit growth through new store openings. Village maintains the highest sales per store through larger store sizes offering specialty departments. The analysis examines revenue trends, store counts, sales metrics, profitability, capital expenditures, cash conversion cycles and earning growth strategies across these competitors.
This document is Dollar Tree's 2014 Annual Report which summarizes their financial performance for the year. Some key points:
- Dollar Tree experienced record sales of $8.6 billion in 2014, a 9.7% increase over the previous year and their first time exceeding $8 billion in annual sales.
- Net income was $599.2 million, up slightly from the previous year. Earnings per share were $2.90.
- The company operated over 5,300 stores across North America and had over 90,000 employees by the end of 2014.
- A major announcement was made to acquire Family Dollar Stores, which would more than double the combined company's store count and revenue.
Daily-Food-Cost explanation on day to day food cost management.pptYeikTha
The document discusses calculating daily food costs and inventory. It describes determining the costs of direct goods received and stores issued each day. It also addresses adjustments for transfers, employee meals, and calculating daily and cumulative food cost percentages. The document contrasts book inventory, calculated from purchase and issue records, with actual physical inventory counts, noting reasons why values may differ.
30 Years and Growing1$ at a time30years strong, or.docxtamicawaysmith
30 Years and Growing
1
$ at a time
30
years strong, or
12 0
profitable fiscal quarters, or
1,565
weeks of sustained growth to our
14,334
locations across the U.S. and Canada, with
each store dedicated to making shopping a
fun, exciting, rewarding experience for every
of our customers.
2016 Annual Report
1986 – Opened its first five
stores - named Only $1.00
(3 VA, GA, TN)
14,334
stores at year-end,
serving customers
with great values
and convenience.
Delivering Value
and Convenience
to Customers
for 30 Years.
Dollar Tree, Inc. is the world’s leading operator
of $1 price-point variety stores. The Company
also offers value at the fixed price-point
of $1.25 CAD at its 226 stores in Canada.
Additionally, the Company operates nearly
8,000 stores under the Family Dollar banner,
which provides customers with a broad
selection of competitively priced merchandise
in convenient neighborhood store locations.
Overall, Dollar Tree operates more than 14,300
stores across the 48 contiguous states and
five Canadian provinces, supported by a
coast-to-coast logistics network and more
than 176,000 associates.
A Fortune 200 Company, Dollar Tree has
served North America for more than 30 years.
The Company utilizes store support centers
in Chesapeake, Virginia and Matthews,
North Carolina. Dollar Tree continues to grow
and is reaching new customers on-line at
www.DollarTree.com.
Dollar Tree 2016 Annual Report 1
2012 2013 2014 2015 2016
8.6
15.5
20.7
7.87.4
NET SALES
($ in Billions)
2012 2013 2014 2015 2016
$2.90
$1.26
$3.78
$2.72$2.68
EARNINGS PER SHARE
Financial Highlights
(a) On July 6, 2015, Dollar Tree acquired Family Dollar Stores, Inc. The results of operations for Family Dollar are included in Dollar Tree’s results of operations
beginning on July 6, 2015.
(b) The 2014 results include interest and expense totalling $75.2 million related to the acquisition of Family Dollar Stores, Inc. The impact of these expenses
represented $0.22 per diluted share.
(c) The 2012 results include the impact of a 53rd week, commensurate with the retail calendar, and a gain on the sale of our investment in Ollie’s Holdings, Inc.
The extra week contributed $125 million of revenue and $0.08 diluted earnings per share. The gain on the Ollie’s sale amounted to $0.16 diluted earnings
per share. All other fiscal years reported in the table contain 52 weeks.
(d) Reflects 2-for-1 stock split in June 2012.
(e) Family Dollar was not included in the determination of these items.
(f) Family Dollar was only included in the determination of these items for the year ended January 28, 2017.
2016 2015(a) 2014(b) 2013 2012(c)
Income Statement Data:
Net sales $20,719.2 $15,498.4 $ 8,602.2 $ 7,840.3 $ 7,394.5
Gross profit 6,394.7 4,656.7 3,034.0 2,789.8 2,652.7
Selling, general and administrative expenses 4,689.9 3,607.0 1,993.8 1,819.5 1,732.6
Operating income 1,704.8 1,049.7 1,040.2 970.3 ...
The document proposes a food delivery service for residents in Leeds, UK. The service would partner with local restaurants to deliver meals ordered in advance. It aims to provide quality food, convenient delivery services, and value for customers' money. The founders plan to target working professionals and families. Financial projections estimate that the business could earn a net profit of £80,637 in its first year of operation.
2015 DMC2523 Topic 7 cost and sales conceptLaura Law
Here are the steps to solve these menu planning and cost control problems:
1) Given the following information, calculate cost percentages:
a) Cost $200, Sales $500 = Cost/Sales x 100 = 40.0%
b) Cost $150, Sales $500 = 30.0%
c) Cost $178.50, Sales $700 = 25.5%
d) Cost $216.80, Sales $800 = 27.1%
2) Calculate cost percentages:
a) 28.0% of $500 is 0.28 x $500 = $140
b) 34.5% of $2,400 is 0.345 x $2,400 =
Capitalizing on Opportunities in Fresh Prepared FoodsL.E.K. Consulting
With the increased focus on investing in the perimeter of the grocery store, fresh prepared foods is one of the most interesting growth areas for U.S. grocers. The lines of retail and foodservice have been blurring as grocers realize there is a golden opportunity to capitalize on consumers’ desire for fresh prepared foods and drive foot traffic.
This Executive Insights profiles the high-growth category of fresh prepared foods and why retailers and suppliers alike can expect to find significant opportunities in this market for years to come.
- The document is the 2008 annual report and letter to stakeholders of Whole Foods Market.
- In 2008, Whole Foods saw sales growth of 24% but comparable store sales growth slowed to 5% due to economic challenges. They opened 20 new stores.
- Actions were taken to reduce costs and slow growth, including job cuts, reducing new store openings, and suspending the dividend. Additional funding was obtained through the sale of preferred stock.
- The economic challenges prompted a more value-oriented approach and efforts to differentiate Whole Foods' product selection.
This chapter discusses managing labor costs in the hospitality industry. It covers assessing and maintaining labor productivity, measuring current productivity, and reducing labor costs. Key topics include labor expenses exceeding food costs, evaluating minimum staffing needs, controlling variable payroll costs, improving employee selection through testing and background checks, developing training programs, optimizing schedules, and balancing convenience foods versus scratch preparation to maximize efficiency. The goal is controlling labor expenses, which is the largest controllable cost for many hospitality operations.
We all have to spend money to live so why not get paid for it. The Shopping Annuity. There is an amazing overview of how one can come to an understanding of where their money goes, recapture that money, and turn it into a professional income. If you understand this and you are willing to apply it to your life, then you are ready to add some serious finances to your life and create a lifestyle rather than simply have a job. If this sounds like it may be of value to you, come visit me at www.bestshoppingever.com and/or connect with me on facebook https://www.facebook.com/ldfaison
1) The document discusses strategies for convenience store operators to improve their foodservice sales based on a survey of top-performing retailers.
2) It finds that top-quartile retailers have almost twice the average monthly foodservice sales per store as bottom-quartile retailers.
3) Key strategies used by top retailers include promoting foodservice offerings online and with incentives, highlighting prepared foods especially at gas pumps, and leveraging new product launches with discounts to drive trial. Adopting these practices could help other retailers boost their foodservice sales.
This document provides a summary of a market research report on consumer foodservice in South Africa. Some key points:
- South African consumer foodservice continues to feel the impact of the recent economic downturn, though steady growth is forecast.
- South Africans are seeking value for money options as disposable income decreases. Leading brands offer smaller portion sizes.
- Famous Brands Ltd continues its strategy of expansion and acquisition, purchasing several pub and restaurant brands in recent years.
- The market is dominated by independent players but leading brands provide convenience and familiarity with their wider availability.
This document outlines an investment opportunity in a proposed coffee shop called Your Coffee Shop. It summarizes the coffee shop industry outlook with $10 billion in combined revenue and 85% average gross margins. The coffee shop aims to become the leader in its target market by offering premium bagged coffees, deluxe coffee drinks, and delicious local foods. It provides financial projections showing annual sales growth from $702,000 in year 1 to $849,420 in year 3. It also outlines the management team, funding requirements, and use of funds.
Macy's is a large retailer founded in 1858 with over 800 stores across the US and a thriving online business. It has seen fluctuating financial performance in recent years. While sales grew steadily from 2004-2007, Macy's suffered in 2007-2008 as the economy weakened. It faces challenges to increase sales and profits in the current economic environment through strategies like reducing inventory and raising sales. Analysis of its financial ratios over time show trends in profitability, liquidity, asset use, and debt levels that provide insights into its historical and future performance.
1. The document discusses macroeconomic concepts related to GDP, inflation, and cost of living measures.
2. It explains how the GDP deflator and consumer price index (CPI) are used to measure inflation and convert between nominal and real values.
3. Examples are provided to demonstrate calculating inflation rates from changes in the GDP deflator and CPI over time.
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