BJ’s Wholesale Club, Inc. (NYSE: BJ) today reported that sales for August 2011 increased by 14.9% to $901.6 million from $784.8 million in August 2010. Comparable club sales for August 2011 increased by 11.5%, including a contribution from sales of gasoline of 3.6%. Excluding the impact of gasoline, merchandise comparable club sales increased by approximately 7.9%. Hurricane Irene had a positive impact on merchandise comparable club sales of approximately 2.5% - 3.0%.
In August 2010, the Company reported a comparable club sales increase of 2.4%, including a contribution from sales of gasoline of 0.5%. Excluding gasoline, merchandise comparable club sales increased by 1.9%.
Four Weeks Ended |
Thirty Weeks Ended | |||||
| Comparable club sales | 11.5% | 7.6% | ||||
| Impact of gasoline sales | 3.6% | 3.9% | ||||
| Merchandise comparable club sales | 7.9% | 3.7% |
Sales Results for August 2011
($ in thousands)
| Four Weeks Ended | % Change | |||||||||||
August 27, |
August 28, |
Net |
Comp. | |||||||||
| $ 901,577 | $ 784,775 | 14.9% | 11.5% | |||||||||
| Thirty Weeks Ended | % Change | |||||||||||
August 27, |
August 28, |
Net |
Comp. | |||||||||
| $ 6,655,573 | $ 5,990,156 | 11.1% | 7.6% | |||||||||
The Company provided the following additional information regarding comparable club sales for August 2011:
- Sales increased in all four weeks with the strongest increase in week four, due to Hurricane-related sales.
- Comparable club sales increased in all major regions with the strongest increase in the Southeast.
- Excluding sales of gasoline, the average transaction amount increased by approximately 3% and traffic increased by approximately 5%.
- Sales of food increased by approximately 10%, driven primarily by fresh food. Sales of general merchandise increased by approximately 4%.
- Departments with the strongest sales increases compared to last year included beauty care, breakfast needs, candy, canned fish & meat, chemicals, coffee, cookies, dairy, deli, eggs, electronics, frozen, health and wellness, juices, meat, milk, paper, pet food, prepared foods, produce, salty snacks, small appliances and water. Departments with weaker sales compared to last year included baby food, diapers, pre-recorded video and televisions.
About BJ’s Wholesale Club
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. BJ’s Wholesale Club operates 190 warehouse clubs in 15 states. BJ’s press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com.
Contacts:
Cathy Maloney, 774-512-6650
VP
Investor Relations
cmaloney@bjs.com
