BJ's Wholesale Club (BJ) Reports June Comp Sales Down 7.5%
Up)
BJ's Wholesale Club, Inc. (NYSE: BJ) reported that sales for June 2009 decreased by 4.8% to $1.00 billion, from $1.05 billion in June 2008. Comparable club sales for June 2009 decreased by 7.5%, including a negative impact of 10.2% from lower gasoline revenue. Unseasonably cool and wet weather throughout the month across the Northeast had a negative impact on merchandise comparable club sales of approximately 1% to 2%.
For June 2008, the Company reported a comparable club sales increase of 16.5%, including a contribution from gasoline sales of 8.2%.
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For June 2008, the Company reported a comparable club sales increase of 16.5%, including a contribution from gasoline sales of 8.2%.
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