twice connect

BJ's Fis. Q3 Sales Rise 11%, Moves Into Black

11/19/2002 11:01:00 AM Eastern

Natick, Mass. - Sales at warehouse retailer BJ's Wholesale Club increased 11 percent in its fiscal third quarter, hitting $1.4 billion, up from $1.2 billion in the year-ago period. Comp-club sales dipped 0.1 percent in the same three months.

BJ's moved into the black during the third quarter, ended Nov. 2, posting net income of $23.4 million, compared with a net loss of $33.5 million in the third quarter last year. Excluding charges in the third quarter, net income would have been $26.6 million. Excluding a $63 million charge in the third quarter of 2001, the retailer would have reported net income of $29.5 million.

For the nine months, sales increased by 12 percent, hitting $4.1 billion, up from $3.6 billion in the same period last year. Comp-club sales rose 2.3 percent.

Net income for the nine months reached $82.4 million, compared with $26 million in the same period a year ago. Excluding charges in the nine months this year and last, net income would have been $87.2 million for the current period, compared with $89 million year over year.

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

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