NATICK, Mass. — Consumers looking for values drove hefty increases in sales and store traffic to BJ’s Wholesale Club during the second quarter, but a relatively cautious outlook sent stock in the retailer down by more than 7% Wednesday. A 5% increase in store traffic was BJ’s strongest result since 2004, officials said, as strong sales in food and gasoline drove sales up 17.5% to $2.65 billion. Comparable-store sales, excluding gasoline, increased by 7.4%. Net earnings of $36.5 million, or ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.