NATICK, Mass. — BJ’s Wholesale Club here on Wednesday said strong fourth-quarter unit sales in perishables helped compensate for deflation in the category as the company posted gains in both net income and sales for the period. Comparable-store sales of all food items were up about 3.7% in the quarter, which ended Jan. 30, while general merchandise comps were flat. Net income was up 4.6%, to $55.1 million, on a 9.4% revenue gain, to $2.56 billion. The company said it expects perishables ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.