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BJ’s Q1 Earnings Up On Flat Sales

By Alan Wolf -- TWICE, 5/20/2009

Natick, Mass. — BJ’s Wholesale Club said first-quarter sales edged up 0.2 percent to $2.3 billion while net income increased 41 percent to $24.3 million for the three months ending May 2.

Same-store sales rose 7.5 percent for the period, excluding the negative impact of lower gasoline prices.

The No. 3 warehouse club raised its earnings outlook for the full fiscal year. The company currently operates 181 stores in 15 states.

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