Gas Sales Boost Profit at BJ's Wholesale
Stock quotes in this article:
BJ
NATICK, MA -- BJ's Wholesale Club (BJ Quote) says third-quarter profit rose 24%, helped by sales of gasoline.
The warehouse club operator's profit for the quarter ended Nov. 1 rose to $28.2 million, or 48 cents per share, from $22.7 million, or 35 cents per share, last year. The Natick, Massachusetts-based company, one of the few retailers benefiting from a weak economy as consumers turn to discounters for deals on basics, says revenue rose 13% to $2.46 billion. Analysts expected a profit of 46 cents per share on revenue of $2.45 billion. Earlier this month, BJ's raised its earnings outlook for the quarter. Sales in stores open at least one year rose 11.9%, or 6.6% excluding gas.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
|
|
UP
29.55
|
UP
7.70
|
UP
21.79
|
UP
0.06
|
10 Yr
3.55%
SPDR Gold
110.24
|
|
+0.28%
|
+0.70%
|
+0.99%
|
+0.17%
|
Data delayed 20 minutes |














