Home / Knowledge / News / Apparel/Garments / June same store sales down for BJ's Wholesale Club

June same store sales down for BJ's Wholesale Club

07
Jul '06
BJ's Wholesale Club Inc reported that sales for June 2006 increased by 3.6 percent to $825.0 million from $796.1 million in June 2005. On a comparable club basis, June sales decreased by 0.1 percent versus last year, including a contribution from sales of gasoline of 2.1 percent. Sales for the month of June were negatively impacted by record-breaking rainfall throughout most of the chain.

In 2005, the Company reported a comparable club sales increase of 4.3 percent for June, including a negative impact from sales of gasoline of 30 basis points.

Based on lower than planned sales in June, as well as lower than planned gasoline profitability in May and June resulting from steadily rising crude oil and wholesale gasoline prices, the Company now expects to report earnings in the range of $.37 to $.40 per diluted share for the second quarter of 2006. The Company's previous earnings guidance for the second quarter of 2006 was $.43 to $.47 per diluted share.

The Company provided the following additional information regarding June 2006 sales for BJ's Wholesale Club:

On a comparable club basis, sales increased in weeks one and four and decreased in weeks two, three and five. The decrease in week five was due primarily to the calendar shift in the July 4th holiday. The negative impact of the July 4th calendar shift on comparable club sales for the month was worth approximately 100 basis points.

By major region, comparable club sales decreased in New England, Metro New York and the Mid-Atlantic markets and increased in Upstate New York and the Southeast.


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search