Comparable Restaurant Sales definition

Comparable Restaurant Sales with respect to a fiscal year, means the net sales attributable to Comparable Restaurants that are realized during such year, as determined in accordance with generally accepted accounting principles. For avoidance of doubt, net sales from a restaurant shall only be counted after it has become a Comparable Restaurant. 
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Examples of Comparable Restaurant Sales in a sentence

  • The performance criteria under this Incentive Award shall be 3 Year Comparable Restaurant Sales (“CRS”) Growth (for the period from January 1, 2018 to December 31, 2020) and 2 Year Average Restaurant Cash Flow (“RCF”) Margin (for the period from January 1, 2019 to December 31, 2020), as such terms are defined below.

  • CRS Component refers to the portion of the Incentive Award that is based on growth in Comparable Restaurant Sales (as defined below) during the Performance Period.

  • The ------------------------------------------------- Borrower will not permit the Average Annual Comparable Restaurant Sales Growth as of the last day of any fiscal quarter to be negative.

  • The Borrower will not permit the Average Annual Comparable Restaurant Sales Growth to be less than one percent (1%), as of the last day of any fiscal month.

  • The ------------------------------------------------- Borrower will not permit the Average Annual Comparable Restaurant Sales Growth to be less than one percent (1%), as of the last day of any fiscal quarter.