BJ's Wholesale Club's October Sales at $547.8 Million

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BJ's Wholesale Club's October Sales at $547.8 Million

11/05/2004
NATICK, Mass. -- BJ's Wholesale Club Inc. reported that sales for October 2004 increased by 8.7 percent to $547.8 million from $504.0 million in October 2003. On a comparable-store basis, sales increased by 4.9 percent for the month of October, including a contribution from sales of gasoline of approximately 0.6 percent. Last year, the company reported a comparable-store sales increase of 10.2 percent for October, including a 3 percent contribution from sales of gasoline.

For the third quarter ended Oct. 30, total sales increased by 9.9 percent and comparable-store sales increased by 6.1 percent, including a contribution from sales of gasoline of 0.4 percent. Year to date, total sales increased by 11.5 percent and comparable-store sales increased by 7.1 percent, including a contribution from sales of gasoline of 1.1 percent.

Commenting on BJ's October and third quarter sales results, president and CEO Mike Wedge, said, "We are pleased with our strong results for the month and third quarter, which reflect ongoing strength in sales of food. For the third quarter, comparable club sales of food increased by approximately 10 percent. For the month of October, sales of food increased by approximately 9 percent. On the same basis, general merchandise sales decreased by approximately 1 percent. However, within general merchandise, we are encouraged by strong sales of apparel, domestics and jewelry."

Excluding sales of gasoline, October traffic increased by approximately 1 percent and the average transaction amount increased by approximately 4 percent. In October of 2003, traffic increased by approximately 8 percent and the average transaction amount was approximately flat year over year.