Topic General Accounting

As with most things in finance, there is not a consistent definition/formula for comps.  Here is a list of retail companies and how they define comps.  The range is not too broad.  

We are getting asked more often about timing of the earnings release and the corresponding Q or K filing with the SEC. In theory, the best practice is these are done on the same day or 1 day apart. However, there is a clear movement to ensure the quality of the financial reporting and to have time between earnings release and filing date. Here are a group of consumer companies and the related average times.

Here is a short overview of XBRL reporting.