BJ's Wholesale Club Reports May Sales Results.NATICK, 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 May 2008 increased by 15.9% to $824.3 million from $711.0 million in May 2007. On a comparable club basis, sales for May 2008 increased by 13.4%, including a contribution from sales of gasoline worth 6.6%. For May 2007, the Company reported a comparable club sales increase in of 4.1%, including a positive impact from gasoline sales of 1.0%. [TABLE OMITTED] [TABLE OMITTED] The Company provided the following additional information regarding comparable club sales for May 2008: * Sales increases by week ranged from approximately 12% to approximately 15%. * By region, the Southeast and 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. had the highest sales increases and Metro New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and 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. had the lowest sales increases. * Excluding sales of gasoline, traffic increased by approximately 5% versus last year and the average transaction amount increased by approximately 2%. * Sales of food increased by approximately 11%, driven by strong sales of perishable foods. * Sales of general merchandise were essentially flat versus last year. A decrease in sales of air conditioners and summer seasonal merchandise, attributable to cooler temperatures and increased rainfall, had a negative impact of approximately 300 basis points on general merchandise sales and a negative impact of approximately 130 basis points on overall comparable club sales results. * Departments with the strongest sales increases compared to last year included bakery, candy, coffee, cookies, dairy, frozen, health & beauty, household chemicals, meat, oils & shortenings, pet food, plastic bags & wraps, paper, produce, snacks and video games See video game console. . Weaker departments versus last year included air conditioners, apparel, cigarettes, summer seasonal, televisions and water. The Company currently operates 178 BJ's Wholesale clubs in 16 states. BJ's introduced the wholesale club concept to New England 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. . BJ's press releases and filings with the SEC are available on the Internet at www.bjs.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion