- Comparative Club Sales by Geographic Region
|Thirteen Weeks Ended July 30, 2011|
|ComparableClub Sales||Impact ofGasoline Sales||MerchandiseComparable ClubSales|
|Upstate New York||10.9%||6.2%||4.7%|
|Metro New York||4.8%||1.3%||3.5%|
- Competition and cannibalization had an estimated negative impact of approximately 1.6%.
- Excluding the impact of gasoline, member traffic was approximately flat, following a 4% increase in last year’s second quarter. The average transaction amount increased by approximately 3% following a 1% decline in last year’s second quarter.
- Sales of food increased by approximately 5% for the second year in a row, driven primarily by an 8% increase in perishable foods. On a two-year stacked basis, comparable club sales of perishable foods increased by approximately 16%. General merchandise sales increased by approximately 1% for the second quarter, following a slight decrease in last year’s second quarter.
- Departments with the strongest comparable club sales increases included beauty care, computer equipment, coffee, cookies, dairy, deli, lawn & garden, meat, prepared foods, produce, salty snacks and summer seasonal. Departments with weaker sales versus last year included books, televisions, toys and video games.