BJ's Wholesale Club Inc (BJ.N) posted a higher quarterly profit and raised its annual profit forecast on Wednesday, as shoppers visited its stores more often to purchase gas and food. The warehouse chain, which is considering selling itself, earned $33.7 million, or 62 cents per share, for the first quarter ended on April 30, up from $26.1 million, or 49 cents per share, a year earlier. BJ's, which opened its doors in 1984, expects to earn $2.68 to $2.88 this fiscal year, up from a March forecast of $2.62 to $2.82. Earlier this month, BJ's reported that sales rose 10 percent to $2.77 billion. Sales at clubs open at least a year rose 6.3 percent, or 2.4 percent stripping out sales of gasoline.
BJ?s Wholesale Club, Inc. (BJ?s) is a warehouse club operator in the eastern United States. Shares of BJ remained unchanged at $51.29. In the past year, the shares have traded as low as $36.77 and as high as $52.38. On average, 853552 shares of BJ exchange hands on a given day and today's volume is recorded at 0.
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