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Examining the P&L in 60 Seconds

Understand the Income Statement with Business Acumen

What is the P&L?

The Profit and Loss statement is vital when learning about companies. Especially if you're in the sales space and want to better understand your customers, you need to be comfortable navigating the income statement.

The second thing we noticed was their top-line. To find it, go to its investor relations page, and download its 10-Q. From there you'll find its consolidated statement of earnings which includes the income statement, balance sheet, and statement of cash flows. While looking at Home Deport's P&L, the first thing we noticed is that their quarter ended May 1st, so that tells me that their