Budgeting is the key to planning.
In this session you will learn how to effectively budget for the following, so that you are actively attaining your goals:
• Cost of Goods Sold
• Operating Costs
Tim Quebedeaux is the Owner/Manager of Retail KPI. After working in Garden Centers for over 20 years, Tim was chosen in 2019 as successor to Steve Bailey, Garden Center Financial Expert. Providing financial management and analysis to Garden Centers, Steve selected Tim as his replacement based on his strength in 'numbers' and his unique ability to relate to Garden Center Owners and Managers through his industry experience. Tim manages the Weekly Department Review Report for the Garden Center Group which tracks the weekly sales of participating Group centers in 25 categories. This open peer, industry-exclusive report allows garden centers to compare their weekly sales, average sale and transaction counts and communicate with reporting centers.
Tim also manages The Group's Annual P&L Study, another industry exclusive and the most comprehensive profit and loss study of its kind. The Annual P&L Study includes sales and expenses and compares percent of sales for the garden center to both Best Practices/High Achievers Group – and reporting centers as a whole. This study also includes inventory turns, margin targets by category, and the resulting Gross Margin Return On Inventory Investment (GMROII).