UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): March 6, 2008
BJ’s Wholesale Club, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 001-13143 | 04-3360747 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| One Mercer Road, Natick, Massachusetts | 01760 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (508) 651-7400
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure
In the fourth quarter ended February 2, 2008, BJ’s Wholesale Club, Inc. (the “Company”) changed the classification of certain payroll expenses from cost of sales, including buying and occupancy costs, to selling, general and administrative (“SG&A”) expenses. We have reclassified prior period financial statements to conform with the presentation recorded in the fourth quarter.
In response to requests from certain analysts, the Company is presenting in the table below the amounts of cost of sales and SG&A expenses (as reclassified and as previously presented) by quarter for the fiscal years ended February 2, 2008 and February 3, 2007 (dollars in thousands). The fourth quarter of the fiscal year ended February 3, 2007 contained 14 weeks. All other quarters presented had 13 weeks.
| As Reclassified | ||||||||||||
| Cost of Sales | SG&A Expenses | |||||||||||
| FYE 2/2/08 | FYE 2/3/07 | FYE 2/2/08 | FYE 2/3/07 | |||||||||
| (52 weeks) | (53 weeks) | (52 weeks) | (53 weeks) | |||||||||
| Q1 |
$ | 1,868,513 | $ | 1,726,417 | $ | 165,051 | $ | 161,627 | ||||
| Q2 |
2,069,089 | 1,912,154 | 174,812 | 166,367 | ||||||||
| Q3 |
1,961,228 | 1,809,645 | 172,933 | 168,433 | ||||||||
| Q4 |
2,212,484 | 2,170,909 | 181,046 | 208,822 | ||||||||
| $ | 8,111,314 | $ | 7,619,125 | $ | 693,842 | $ | 705,249 | |||||
| As Previously Reported | ||||||||||||
| Cost of Sales | SG&A Expenses | |||||||||||
| FYE 2/2/08 | FYE 2/3/07 | FYE 2/2/08 | FYE 2/3/07 | |||||||||
| (52 weeks) | (53 weeks) | (52 weeks) | (53 weeks) | |||||||||
| Q1 |
$ | 1,870,409 | $ | 1,728,227 | $ | 163,155 | $ | 159,817 | ||||
| Q2 |
2,070,893 | 1,914,030 | 173,008 | 164,491 | ||||||||
| Q3 |
1,963,141 | 1,811,531 | 171,020 | 166,547 | ||||||||
| Q4 |
N/A | 2,173,001 | N/A | 206,730 | ||||||||
| $7,626,789 | $ | 697,585 | ||||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 6, 2008
BJ’s WHOLESALE CLUB, INC.
By: /s/ Frank D. Forward
Frank D. Forward
Executive Vice President and
Chief Financial Officer