BJ's Wholesale Club Reports Quarterly Earnings of $35.8 Million

Warehouse chain BJ's Wholesale Club (BJ) reported second quarter earnings of $35.8 million or 67 cents a diluted share, up from $35.1 million, or 64 cents a diluted share, a year earlier.

Total sales for the quarter ended July 31 were $2.7 billion, up 8.6% from the second quarter of 2009, the company said in a statement. Comparable club sales rose 4.4%, with a strong performance in gasoline sales.

BJ'S Wholesale Club lowered its guidance for the year ending January 29, 2011. The company now expects net income in the range of $128.5 million to $134.5 million, with earnings per diluted share of $2.40 to $2.50. The company previously forecast net income in the range of $136.9 million to $141.9 million.
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.