twice connect
careers

BJ’s Q1 Net Down On Higher Sales

5/16/2006 10:35:00 AM Eastern

Natick, Mass. — BJ’s Wholesale Club reported net income of $15.4 million for its fiscal first quarter, ended April 29, down from $18.6 million for the same period last year.

Results for the first quarter of this year included post-tax income of $2.1 million for House2Home bankruptcy recoveries and post-tax expense of $2.4 million for stock-based compensation.

Last year’s first quarter included post-tax income of $2.9 million for House2Home bankruptcy recoveries, post-tax expense of $1.8 million related to the chain’s reserve for credit card claims, and post-tax expense of $200,000 for stock-based compensation.

Net sales for the first quarter of this year increased by 6.3 percent, to $1.9 billion, and comparable-club sales increased by 2.0 percent, including a contribution from sales of gasoline of 1.4 percent.

PHOTOS
Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in

ProSource Meeting Filled With Optimism

San Antonio — Optimism reigned at ProSource’s

Ingram Draws 500 To Spring Vendor Expo

Scottsdale, Ariz. — Ingram Micro Consumer

CEA Holds ’14 Digital Patriots Dinner

Washington — CEA held its annual Digital Patriots’

8 Technology Accessories For a Greener Earth

An Earth Day review of Earth-friendly products, by

BrandSource Shows Diverse Product Selection

BrandSource’s Summit show at the Marriott World

Scenes From Toy Fair

By Lisa Johnston