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4 weeks ending May 31 2003 sales $495M
4 weeks ending May 29 2004 sales $576M
Net sales up 16.5%
Comp sales up 12.1%

17 weeks ending May 31 2003 sales $1.93B
17 weeks ending May 29 2004 sales $2.19B
Net sales up 13.2%
Comp sales up 8.0%

"Results for May reflect the re-merchandising of our clubs during the first quarter as well as better weather versus last year.
“Comparable club sales increased in all markets with the highest increases in the Southeast and Metro New York regions.”
“Excluding sales of gasoline, traffic increased by approximately 6% and the average transaction amount rose by approximately 4% in May.”

Strongest sales increases compared to last year included:
air conditioners & fans
health & beauty aids
household chemicals
paper products
pet food
pre-recorded video
soda & water

Weaker categories included:
cereal & breakfast foods
computer equipment
office supplies
small appliances
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