BJ’s Logs Q3 Gains


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NATICK, Mass.–BJ’s Wholesale Club posted sales and income gains for the third quarter ended Nov. 1.
Net income rose to $28.2 million from $22.7 million in the year-ago quarter.
Results for the third quarter of 2008 included a post-tax expense of $0.5 million related to a store closing.
Results also included income and expense items, which resulted in a net benefit of an estimated 10 cents per diluted share.
Net sales at BJ’s rose 13.4 percent to $2.4 billion. Comparable-club sales jumped 11.9 percent.

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