BJ’s Wholesale Club Up in Q2

by MR Magazine Staff

NATICK, Mass. – BJ’s Wholesale Club reported second quarter profits higher than expected: $36.3 million (55 cents per share), up from $26.4 million in the second quarter of last year (39 cents per share). The company said the income was aided by $2.4 million (post-tax) from the disposition of two restaurant supply store leases closed in January and $3.6 million (post-tax) from income tax audits that worked in the company’s favor.

Second quarter sales increased eight percent to $2.25 billion.