BJ's Wholesale Club Inc (BJ.N) posted a higher quarterly profit and raised its annual profit forecast on Wednesday, as people shopped its stores more often for food and gasoline. The warehouse chain, which is considering selling itself, earned $33.7 million, or 62 cents per share, for the first quarter that ended on April 30, up from $26.1 million, or 49 cents per share, a year earlier. Analysts, on average, expected the chain to earn 56 cents per share, according to Thomson Reuters I/B/E/S. As gasoline prices rise, BJ's and its larger rivals, Costco Wholesale Corp (COST.O) and Wal-Mart Stores Inc's (WMT.N) Sam's Club, see increased business at their pumps.
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 1700.
Costco Wholesale Corporation (Costco) operates membership warehouses that offer its members low prices on a limited selection of branded and selected private-label products in a range of merchandise categories. Shares of COST remained unchanged at $82.71. In the past year, the shares have traded as low as $53.41 and as high as $83.59. On average, 2504640 shares of COST exchange hands on a given day and today's volume is recorded at 0.
Wal-Mart Stores, Inc. (Walmart) operates retail stores. Shares of WMT remained unchanged at $55.54. In the past year, the shares have traded as low as $47.77 and as high as $57.90. On average, 11570800 shares of WMT exchange hands on a given day and today's volume is recorded at 200.
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