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BJ’s Posts Sales, Earnings Gains

Natick, Mass. – BJ’s Wholesale Club reported an increase in net
income and a double-digit gain in net sales for its fiscal first quarter, ended
May 1.

Net earnings were $26.1 million, compared with $24.3 million year
on year.

Net sales were $2.55 billion in the quarter, an increase of 12.9
percent. Comp-store sales increased by 7.8 percent, including a contribution
from sales of gasoline of 3.6 percent.

Excluding the impact of gasoline, merchandise comp-store sales
increased by 4.2 percent.