1. What is Comp Percentage?

Comp Percentage (Comparable Sales Percentage) measures the percentage change in sales between two periods, typically used to analyze sales performance and growth trends in retail and business analytics.

2. How Does the Calculator Work?

The calculator uses the Comp Percentage formula:

Where:

• Current Sales — Sales amount for the current period
• Previous Sales — Sales amount for the previous comparable period

Explanation: The formula calculates the percentage change in sales, where positive values indicate growth and negative values indicate decline.

3. Importance of Comp Percentage Calculation

Details: Comp percentage is crucial for retailers and businesses to measure performance, identify trends, make informed decisions about inventory, marketing, and overall business strategy.

4. Using the Calculator

Tips: Enter current and previous sales amounts in currency units. Both values must be positive numbers, and previous sales must be greater than zero.

5. Frequently Asked Questions (FAQ)

Q1: What does a positive comp percentage indicate?
A: A positive comp percentage indicates sales growth compared to the previous period.

Q2: What does a negative comp percentage mean?
A: A negative comp percentage indicates a sales decline compared to the previous period.

Q3: How is comp percentage different from regular sales growth?
A: Comp percentage typically compares same-store sales or comparable periods, eliminating the effect of new store openings or closures.

Q4: What time periods should be compared?
A: Typically compares same periods (e.g., same month year-over-year, same quarter year-over-year) to account for seasonal variations.

Q5: What is considered a good comp percentage?
A: This varies by industry, but generally positive comps are desirable. Retailers often aim for 2-5% comp growth annually.