BJ’s Wholesale Club, Inc. reported an 8.6% sales increase for the month of May to $655.5 million from $603.4 million in May 2005. On a comparable club basis, sales increased by
4.2% including a contribution from sales of gasoline of approximately 2.2%. Last year, the company reported a comparable club sales increase of 0.5%, including a contribution from sales of gasoline of 20 basis points.
Sales Results for May
($ in thousands)
Four Weeks Ended % Change
May 27, May 28, Net Comp.
2006 2005 Sales Sales
------ ------ ------ -----
$ 655,473 $ 603,444 8.6% 4.2%
Seventeen Weeks Ended % Change
May 27, May 28, Net Comp.
2006 2005 Sales Sales
------ ------ ------ -----
$ 2,535,546 $ 2,372,234 6.9% 2.6%
The company provided the following additional information regarding May 2006 sales for BJ’s Wholesale Club:
On a comparable club basis, sales were highest in week two and lowest in week three, reflecting a calendar shift in timing of Mother’s Day versus last year. Comparable club sales were positive in all major markets with the highest increases in the Upstate New York and the Mid-Atlantic regions.
Excluding sales of gasoline, the average transaction amount for the month of May rose by approximately 6% and traffic decreased by approximately 4%.
On a comparable club basis, food and general merchandise sales each increased by approximately 2%. Categories with strong comparable club sales increases compared to last year included automotive & tools, beer, electronics, major appliances, paper products, personal health, produce, summer seasonal and televisions. Weaker categories versus last year included candy, computer equipment, DVDs, meat, men’s apparel and tires.
