Annual P&L Study 2020: Best of the Best Awards
by Tim Quebedeaux
Raising the bar… In the 2019 P&L study the top line comparison was changed from the High Achievers and Best Practices Group to only the Best Practices Group. We wanted to show a standard above what had been presented in the past. Not only did this give everyone a higher standard to aim for, it gave those who were profitable, but wanted more, a chance to raise their own standards.
Well, 2020 blew that out of the water! We had more than half of the reporting centers achieve Best Practices and a whopping 82% report above High Achievers status. Once again, the need to keep raising the bar arose thus, The Best of the Best Group was born. In looking into this group, we will find out what it takes to capitalize on the opportunity in 2020. What did the KPI’s tell us about how they realized the highest level of profitability (18% to 25%)? As we crunch those numbers, we will compile a new report that allows those who reported to compare their performance to this group. This will be available during The Fall Event 2021 in Wilmington, DE.