Dec. 4 at 9:15 PM
$LESL On the earnings call Jason mentioned the following on the 80-90 store closings:
"These stores represent an annual sales impact of approximately
$25–
$35 million, and this decision will yield an annualized net EBITDA improvement of
$4–
$10 million."
What's interesting is that
$35M/90 stores gets you revenue of about
$390K where below I calculated the average cost of each store was
$405K annually
The basic question here is: How is it that 90 stores can't get revenue above 390K a year?
Commercial sales alone for each store should be 400K a year
