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BJ’s August Sales Decline – Analyst Blog

Zacks Market Commentaries (September 4th, 2009) Writes:
BJ’s Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, recently reported sales for the four-week period ended August 29, 2009. The sales for the month declined 1.9% to $757.6 million from $772.6 million reported in the same month last year. Comparable club sales fell 6.0% for the month of August versus an increase of 15.4% in the same month last year, hurt by lower gasoline prices and volumes compared to the prior year. BJ’s Wholesale Club currently operates 184 wholesale clubs and 103 gasoline stations in 15 states. Gasoline sales for the month of August dipped 8.2% compared to a 7.7% rise in sales last year. Excluding gasoline, merchandise comparable club sales climbed 2.2% versus an increase of 7.7% last year. Merchandise comparable club sales increased in the first three weeks but slid in the fourth week. Excluding gasoline sales, ...

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