BJ's Posts 3.9% Comps in Q3

BJ's Wholesale Club is determined not to let deflation blunt gains in volume and unit sales. The retailer here last week posted a comparable-store sales gain of 3.9% for the third quarter, excluding gasoline, on a net sales gain of 2% to $2.45 billion, although net income was hit by one-time charges. Laura Sen, president and chief executive officer, called the quarterly comp increase

NATICK, Mass. — BJ's Wholesale Club is determined not to let deflation blunt gains in volume and unit sales.

The retailer here last week posted a comparable-store sales gain of 3.9% for the third quarter, excluding gasoline, on a net sales gain of 2% to $2.45 billion, although net income was hit by one-time charges.

Laura Sen, president and chief executive officer, called the quarterly comp increase an “outstanding achievement,” particularly given the fact that product

Register to view the full article