RISING GASOLINE PRICES REDUCE PROFITS AT BJ'S

NATICK, Mass. -- Saying rising gas prices have hurt profits, BJ's Wholesale Club here reduced its earnings forecast for the year by about 3 cents per share.The warehouse club, which strives to price its fuel below that of local competitors, saw profits in the gasoline segment drop as prices and sales for the category rose, Paul McDonough, BJ's senior vice president of finance, told analysts in a conference

NATICK, Mass. -- Saying rising gas prices have hurt profits, BJ's Wholesale Club here reduced its earnings forecast for the year by about 3 cents per share.

The warehouse club, which strives to price its fuel below that of local competitors, saw profits in the gasoline segment drop as prices and sales for the category rose, Paul McDonough, BJ's senior vice president of finance, told analysts in a conference call discussing the chain's second-quarter financial results. "We don't expect

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