BJ's Wholesale Beats Profit Forecast

NEW YORK ( TheStreet) -- BJ's Wholesale ( BJ), in one of its last quarters reporting earnings as a public company, handily topped profit forecasts.

During the quarter, the wholesaler earned $45.7 million, or 84 cents a share, on revenue of $2.98 billion, compared with 64 cents a share on revenue of $2.57 billion in the year-ago period. Wall Street was calling for a profit of 77 cents a share on revenue of $2.98 billion.

In June, BJ's announced it would be acquired by private-equity firms Leonard Green and CVC Capital for about $2.8 billion. The deal is expected to close in the fourth quarter.

-Reported by Jeanine Poggi in New York.

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