BJ's Wholesale 3Q Profit Up 24%

BJ's Wholesale Club Inc (BJ) posted a 24% increase in third quarter profit on Wednesday, helped by an increase in shoppers coming to its stores and stronger-than-expected results from its gasoline stations.

Profit for the third quarter was $28.2 million, or 48 cents per share, including a 1-cent-per-share charge for the closing of a club in South Carolina. A year earlier, profit was $22.7 million, or 35 cents per share. For the full year, it expects earnings per share of $2.20 to $2.30, up from an earlier view of $2.10 to $2.20 per share. Analysts had been expecting it to earn $2.22.

by Mark Anderson | 11/19/08 | Stocks: BJ,

Post a Comment

blog comments powered by Disqus

DJIA	10,099.14	-45.05	-0.44%
NASDAQ	2,183.53	6.12	0.28%
S&P 500	1,075.51	-2.96	-0.27%


	Can Citigroup Be Saved? Citigroup Inc. (C) announced that it is making plans to planning to increase the number of its common shares outstanding and execute a reverse stock split as part of its effort to convert preferred shares to common shares. Citi is seeking to exchange about $27.5 billion in public and private preferred securities as part of its agreement with the Treasury Department, which has pledged to match up to $25 billion of the conversions. This deal represents the government's third attempt... continue

Get Our RSS Feeds

Subscribe to our RSS feed and you will receive all the articles by InvestorPlace Blogs contributors. Each contributor has their own RSS feed on their blog if you want to just follow specific people.

BJ's Wholesale 3Q Profit Up 24%

Post a Comment

Can Citigroup Be Saved?

Get Our RSS Feeds