If new stores perform as well as old stores and the company is able to add stores at its historic rate then the company should grow at just over 20% (remember the affect is multiplicative not additive). However, in addition to my above noted concerns on same store sales, I likewise doubt if the company can add new stores at 12% a year (the current rate at which it adds new locations). As the company grows, the larger base makes it harder for CMG to grow at the same rate.

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