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Page 8 of their 2014 annual report defines "net revenue" thusly: "For purposes of this specific public benefit purpose, “net revenue” means Patagonia’s total s
by pcl 10y ago
Page 8 of their 2014 annual report defines "net revenue" thusly:
"For purposes of this specific public benefit purpose, “net revenue” means Patagonia’s total sales of goods and services and revenues from other operations, less returns, discounts
and allowances: [...]"
Also, their announcement says:
"100% of purchases made in Patagonia® stores and online at patagonia.com and patagoniaprovisions.com"
My read is that "net sales" means pretty much "whatever was bought, less returns".
[1] http://www.patagonia.com/on/demandware.static/Sites-patagonia-us-Site/Library-Sites-PatagoniaShared/en_US/PDF-US/bcorp_annual_report_2014.pdf http://www.patagonia.com/on/demandware.static/Sites-patagoni...
- justin66 10y agoI'm surprised by the discussion on this. In the absence of clearer information I will choose the interpretation that does not entail them taking an enormous, ruinous loss to their financial bottom line.