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jrf30

11/16/22 10:48 AM

#72584 RE: bmel #72583

The reason companies compare versus a year ago and not a quarter ago is because the business is cyclical. the same things happen in the same approximate time each year, so you can see if you are growing or not. But they do not happen every quarter. Some seasons you plant, some seasons you water and some seasons you harvest. As an example, you can't take a harvest season and compare it the next quarter where new plants are planted and say things are going backwards, because not every season is harvest season. But if you compare that new planting to the prior year planting and see that more plants are in the ground, more acreage is being used and more harvest will be coming the following harvest season, that is a positive. Even is quarter versus quarter is a revenue decrease.