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BJ's Wholesale Club (BJ) comparable-store sales have lost momentum for the second month in a row and the first time in several quarters as the company reported a below plan and below consensus comp store sales gain of 2.7%. The company believes bad weather may have pressured sales by 1%-2%. Despite a relatively low enterprise value/earnings before interest, taxes, depreciation and amortization multiple of about 5 times, we are maintaining our Hold rating given our concerns around a deceleration in sales and difficult comparisons ahead as other retailers face easier comparisons.
Thanks and keep sending in the emails on how these sales are affecting your working conditions.
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Jimmy is not going to be happy about this.
ReplyDeleteSo gasoline impact hurts but in club sales are up, especially in labor intensive zone 3, food, ticketers do not pack out gasoline tanks they pack out steel and refrigerated. I know of one club who's cutting ticketers hours. Hello, who packs out every night? 800 & D-F-P in the back door and out the front door, has to make a stop onto the sales floor. Cutting the ticketers hours can only have a negative impact on the flow. Laura, we need you to set some standards, min. and max. needed to get each club ready for business. Thanks,
ReplyDeleteEveryone at my club knows about this website. There is a lot of negative comments about fellow team members. I feel that a couple people were just venting because they have issues that no one seems to be concerned about. I think this BJ's Workers Blog was a good place to do that and they felt comfortable doing so on here because they noticed that they could post anonymous. They feel that if they bring these issues up that thier job would be threatened and the reason I feel this way is because if they find out who posted anonymously they are going to be fired. People want to find out who posted what so bad but thats why I'm thanking you because you let the team members without a voice be heard without the fear of repremand. Instead of trying to find out who posted what, I think they should try to right the wrongs within instead of planning a vengeance on the postee. Once again thank you for having a place for the "no voices" be heard. club 150
ReplyDeleteEveryone loves it when folks come together and share
ReplyDeleteviews. Great website, continue the good work!
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