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Old 12-21-2005, 05:00 PM
buffett buffett is offline
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Join Date: Dec 2004
Location: Graham-and-Doddsville
Posts: 133
Default Re: How Do You All Make Revenue Forcasts?

[ QUOTE ]
"cash profits" are at least highly dependent on revenues

[/ QUOTE ]
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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