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No Surprises at BJ's Wholesale
By Stephen D. Simpson, CFA (TMFWildWeasel)
May 16, 2006

It's one quarter later, and there's still not much new with BJ's Wholesale (NYSE: BJ). That's not a good thing.

Companywide revenue growth was once again mediocre, up 6.3%, and same-store sales growth notched another unimpressive 2%, even with a big contribution from gasoline sales. Stop me if you've heard this before: Traffic was down about 3%, food comps were up slightly, and merchandise comps dropped again. Given that last item, I'm not sorry to see a new head of merchandising for the company......
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