| Business Summary | | BJ's
Wholesale
Club,
Inc.
operates
food
and
general
merchandise
warehouse
club
stores
throughout
New
England
and
the
eastern
United
States,
and
the
state
of
Ohio.
As
of
February
3,
2001,
the
Company
operated
118
warehouse
clubs
in
15
states
and
had
approximately
6.6
million
members.
Warehouse
clubs
offer
a
narrow
assortment
of
brand
name
food
and
general
merchandise
items
within
a
wide
range
of
product
categories.
Since
the
beginning
of
1995,
BJ's
has
grown
from
62
clubs
to
118
clubs.
Approximately
48%
of
BJ's
clubs
have
been
in
operation
for
fewer
than
six
years,
and
most
of
these
are
considered
to
be
in
the
early
stages
of
maturation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BJ's
Wholesale
Club,
Inc.,
is
engaged
in
the
operation
of
food
and
general
merchandise
warehouse
clubs.
For
the
13
weeks
ended
5/5/01,
total
revenues
rose
11%
to
$1.16
billion.
Net
income
rose
27%
to
$23
million.
Revenues
reflect
the
opening
of
new
stores,
increased
comparable
store
sales
and
increased
number
of
gas
stations
in
operation.
Earnings
also
benefitted
from
a
favorable
merchandise
mix,
effective
control
of
payroll
expenses
and
lower
advertising
expenses. Recent Earnings Announcement For
the
13
weeks
ended
08/04/2001,
revenues
were
1,305,710;
after
tax
earnings
were
36,497. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Herbert Zarkin, 62 Chairman | $610K | $5.7M | John Nugent, 54 Pres,
CEO | 1.6M | 8.4M | Frank Forward, 46 CFO,
Exec. VP | 694K | -- | Laura Sen, 44 Exec.
VP- Merchandising | 717K | -- | Michael Wedge, 47 Exec.
VP- Club Operations | 716K | 159K | Dollar
amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|