Meaning of “net sales” in the English Dictionary

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"net sales" in Business English

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net salesnoun [ plural ]

uk us ACCOUNTING, FINANCE

the total value of a company's sales after amounts for costs such as returned, damaged, or missing goods, and any price reductions, taxes, etc. have been subtracted:

The company believes that its net sales for the next several quarters will be below prior year period levels.

(Definition of “net sales” from the Cambridge Business English Dictionary © Cambridge University Press)