BJ's sees sales, earnings growth for Q3

NATICK, Mass. BJ’s Wholesale Club reported net income of $23 million, or 43 cents per diluted share, for the third quarter of 2010. For the third quarter of 2009, the company reported net income of $17.4 million, or 32 cents per diluted share.

Net sales for the third quarter increased by 4.8% to $2.57 billion from $2.45 billion in the prior year period. Comparable-club sales for the quarter increased 2.5%. Excluding the impact of fuel, comparable-club sales increased 1.5%.

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