Consumer Spending Lifts BJ's

NATICK, Mass. Saying its shoppers were in a more positive frame of mind than a year ago, BJ's Wholesale Club boosted sales, earnings and margins in its fiscal first quarter. Sales for the period ending May 1 increased 12.9% to $2.55 billion, with comparable-store sales, excluding gasoline, climbing by 4.2%. Net income rose 7.2% to $26.1 million, reflecting an uptick in merchandise margins, particularly

NATICK, Mass. — Saying its shoppers were in a more positive frame of mind than a year ago, BJ's Wholesale Club boosted sales, earnings and margins in its fiscal first quarter.

Sales for the period ending May 1 increased 12.9% to $2.55 billion, with comparable-store sales, excluding gasoline, climbing by 4.2%. Net income rose 7.2% to $26.1 million, reflecting an uptick in merchandise margins, particularly in perishable food, which experienced an 8% comp increase. Expense control

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