BJ's Wholesale Club Reports February Sales.NATICK Natick (nā`tĭk), town (1990 pop. 30,510), Middlesex co., E Mass., a residential and industrial suburb of Boston, on Lake Cochituate; founded as a Native American village by John Eliot 1651, settled by colonial Americans 1718, inc. 1781. , Mass. -- BJ's Wholesale Club BJ's Wholesale Club, Inc. NYSE: BJ is a membership-only warehouse club chain operating in the East Coast of the United States, as well as in the state of Ohio. History , Inc. (NYSE NYSE See: New York Stock Exchange : BJ) today reported that sales for February 2006 increased by 5.9% to $567.8 million from $536.1 million in February 2005. Comparable club sales increased by 1.6% for the month of February, including a contribution from sales of gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by of approximately 1.9%. Last year, the Company reported comparable club sales of 6.7% including a contribution from sales of gasoline of 30 basis points.
Sales Results for February
($ in thousands)
Four Weeks Ended % Change
February 25, February 26, Net Comp.
2006 2005 Sales Sales
$ 567,829 $ 536,118 5.9 % 1.6 %
The Company provided the following additional information regarding February 2006 sales for BJ's Wholesale Club: On a comparable club basis, sales were strongest in weeks two and four. Taking into account the year over year impact of snow storms, comparable club sales for February were negatively impacted by approximately 2%. By major region, comparable club sales were strongest in the Southeast and in Upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . Excluding sales of gasoline, the average transaction amount for the month of February rose by approximately 4% and traffic decreased by approximately 4%. On a comparable club basis, food sales increased by approximately 2% and general merchandise sales decreased by approximately 3%. Categories with strong comparable club sales increases included electronics, televisions, paper products and produce. Weaker categories included apparel, computers and DVDs. BJ's introduced the wholesale club concept to New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. in 1984, and has since expanded to become a leading warehouse chain in the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company currently operates 163 BJ's clubs and two ProFoods Restaurant supply clubs. BJ's press releases and filings with the Securities and Exchange Commission are available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.bjs.com. Conference Call Information for Fourth Quarter and Year-End Financial Results At 8:30 a.m. Eastern Time, today, Tuesday, February 28, 2006, BJ's management plans to hold a conference call to discuss the fourth quarter and fiscal year financial results and the outlook for the year ending February 3, 2007. To access the webcast (including financial and other statistical information being presented, as well as reconciliation information with respect to any non-GAAP financial measures being presented), visit www.bjsinvestor.com/medialist.cfm to hear the call live, or to listen to an archive of the call, which will be available for approximately ninety days following the call. |
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