Re: How Do You All Make Revenue Forcasts?
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"cash profits" are at least highly dependent on revenues
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Consider Wendy's:
Year Revenues Operating Profit
1999 $1,603 $278
2000 $1,712 $267
2001 $1,819 $234
2002 $2,010 $263
2003 $2,191 $264
2004 $2,433 $272
(figures exclude Tim Horton's, Baja Fresh, and other ancillary brands, source: Trian's recent 13D)
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