BJ’s Posts Strong Quarter, Raises Guidance for Year

Stock in BJ’s Wholesale Club was down Wednesday after the club retailer reported robust first-quarter sales and earnings but a modest forecast for the balance of the year.

NATICK, Mass. — Stock in BJ’s Wholesale Club was down Wednesday after the club retailer here reported robust first-quarter sales and earnings but a modest forecast for the balance of the year. BJ’s earned $17.2 million, or 29 cents per share, during the first quarter ended May 3, a 26% increase over the same period a year ago. Quarterly sales of $2.3 billion increased 12.3% in the quarter, with comparable-store sales increasing by 9.6%, or 5.7% excluding gasoline, with food comps up 8% and pe

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