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Gas Sales Help BJ's Earnings Rise 24%
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NATICK, Mass. -- BJ's Wholesale Club (BJ Quote) said 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 a share, from $22.7 million, or 35 cents a share, last year.
BJ's, one of the few retailers benefiting from a weak economy as consumers turn to discounters for deals on basics, said revenue rose 13% to $2.46 billion. ...
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