Utilities
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A
Annual Report

The Annual Report consists of a Business Review and a Financial Review.

 
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B
Basic net (loss) earnings per common share

Net (loss) earnings available to common shareholders, divided by the weighted average number of common shares outstanding during the year.

 
Biodiesel

Vegetable-oil- or animal-fat-based diesel fuel, which is biodegradable, non-toxic and burns cleaner, emitting fewer toxic pollutants and less carbon dioxide; biodiesel doesn’t perform as well in colder weather and can hurt automobile engines, unless it is blended with conventional diesel fuel.

 
Biogas

Gas produced through the biological breakdown of organic matter in the absence of oxygen.

 
Book value per common share

Shareholders’ equity divided by the number of common shares outstanding at year end.

 
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C
Capital investment per common share

Capital investment divided by the weighted average number of common shares outstanding during the year.

 
Carbon footprint

A measure of the climate-change impact of an activity, in terms of the amount of greenhouse gas produced, in units of carbon dioxide.

 
Cash flows from operating activities per common share

Cash flows from operating activities divided by the weighted average number of common shares outstanding during the year.

 
Cash flows from operating activities to net debt

Cash flows from operating activities divided by net debt.

 
Control label

A brand and associated trademark that are owned by the Company for use in connection with its own products and services.

 
Conversion

A store that changes from one company banner to another company banner.

 
Corporate stores sales per average square foot

Sales by corporate stores divided by the average corporate stores’ square footage at year end.

 
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D
Diluted net (loss) earnings per common share

Net (loss) earnings available to common shareholders, divided by the weighted average number of common shares outstanding during the period, minus the dilutive impact of outstanding stock option grants, certain other liabilities and capital securities at period end.

 
Dividend rate per common share at year end

Dividend per common share declared in the fourth quarter, multiplied by four.

 
DRIP

Dividend Reinvestment Plan.

 
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E
EBITDA

Earnings before interest, taxes, depreciation and amortization.

 
EBITDA margin

EBITDA divided by sales.

 
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F
Fair Trade

Ensures that disadvantaged farmers and workers in developing countries get a better deal. The Fair Trade mark guarantees that the product comes from producers who receive fair terms of trade and a fair price.

 
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G
Global Food Safety Initiative (GFSI)

Collaboration between some of the world's leading food safety experts to enhance food safety, ensure consumer protection and strengthen consumer confidence through a benchmarking process to improve cost efficiency throughout the food supply chain.

 
Global Reporting Initiative (GRI)

A network-based organization, creator and promoter of a widely used sustainability reporting framework.

 
Gross margin

Sales less cost of merchandise inventories sold, including inventory shrinkage, divided by sales.

 
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I
Interest coverage

Operating income divided by interest expense and other financing charges, adding back interest capitalized to fixed assets.

 
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L
Landfill

Disposing of waste through burial.

 
Leadership in Energy and Environmental Design (LEED®)

A third-party certification program and an internationally accepted benchmark for the design, construction and operation of high-performance green buildings.

 
LED lighting

Light-emitting diode lights, which consume much lower quantities of electricity than conventional lighting.

 
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M
Major expansion

Expansion of a store that results in an increase in square footage that is greater than 25% of the square footage of the store prior to the expansion.

 
Marine Stewardship Council (MSC)

An independent non-profit organization that promotes responsible fishing practices; products that carry the MSC logo have been certified as being sourced from sustainable and well-managed fisheries.

 
Market/Book ratio at year end

Market price per common share at year end, divided by book value per common share at year end.

 
Minor expansion

Expansion of a store that results in an increase in square footage that is less than or equal to 25% of the square footage of the store prior to the expansion.

 
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N
Net debt

Comprises bank indebtedness, short-term debt, long-term debt due within one year, certain other liabilities, long-term debt, and the fair value of certain financial derivative liabilities, less cash and cash equivalents, short-term investments, security deposits included in other assets, and the fair value of certain financial derivative assets.

 
Net debt to EBITDA

Net debt divided by EBITDA.

 
Net debt to equity

Net debt divided by total shareholders’ equity and capital securities.

 
New store

A newly constructed store, conversion or major expansion.

 
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O
Operating income

Earnings before interest expense, income taxes and minority interest.

 
Operating margin

Operating income divided by sales.

 
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P
Price/Net (loss) earnings ratio at year end

Market price per common share at year end, divided by basic net (loss) earnings per common share for the year.

 
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R
Renewable energy

Energy generated from natural resources, such as sunlight, wind, rain, tides and geothermal sources, which are renewable (naturally replenished).

 
Renovation

Capital investment in a store, resulting in no change to the store’s square footage.

 
Retail sales

Combined sales of stores owned by the Company and those owned by the Company’s independent franchisees.

 
Retail square footage

Includes corporate and independent franchised stores.

 
Return on average net assets

Operating income divided by average total assets, excluding cash and cash equivalents, short-term investments, security deposits included in other assets, and accounts payable and accrued liabilities.

 
Return on average shareholders’ equity

Net (loss) earnings available to common shareholders, divided by average total common shareholders’ equity.

 
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S
Same-store sales

Retail sales from the same physical location for stores in operation in that location in both periods being compared by excluding sales from a store that has undergone a conversion or major expansion in the period.

 
Sustainable

Using resources to meet human needs, while preserving social, environmental and economic conditions so that these same needs can be met by future generations.

 
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V
Variable interest entity (VIE)

An entity that either does not have sufficient equity at risk to finance its activities without subordinated financial support, or where the holders of the equity at risk lack the characteristics of a controlling financial interest.

 
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W
Weighted average common shares outstanding

Number of common shares outstanding determined by comparing the portion of time within the year that the common shares were outstanding to the total time in that year.

 
Working capital

Total current assets less total current liabilities.

 
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Y
Year

The fiscal year ends on the Saturday closest to December 31, and is usually 52 weeks in duration, but includes 53 weeks every five to six years.

 
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