Examples of LFL in a sentence
Refer to the tables above for a reconciliation of the nearest GAAP measure (sales/operating profit respectively) to LFL adjusted sales/LFL adjusted operating profit.
The LFL measure is presented as a means of eliminating the effects of exchange rate fluctuations on the period-on-period statutory results as well as allowing the Board to assess the underlying trading performance of the businesses on a LFL basis for both sales and operating profit.
The key APMs that the Group uses include like-for-like (LFL) organic performance measures and adjusted measures for the income statement together with adjusted financial position and cash flow measures.
LFL overheads as a percentage of sales is calculated as LFL adjusted overheads divided by LFL adjusted sales.
LFL adjusted operating margin is calculated as LFL adjusted operating profit divided by LFL adjusted sales.