Earnings Report: BJ's Wholesale Club, Inc. Reports Q1 Earnings, Raises Fiscal 2010 Guidance
BJ's Wholesale Club, Inc. (NYSE:BJ) reported Q1 earning before the opening bell Wednesday morning, showing net income of $26.1 million, or $0.49 per share, versus 2009 Q1 net income of $24.3 million, or $0.45 per share.
Net sales jumped 12.9% to almost $2.6 billion and the company repurchased 272,800 shares of its own common stock for an average of $33.69 per share.
The company raised its fiscal 2010 earnings guidance to range from $2.58 to $2.68, and net income range of $136.9 million to $141.9 million.
Shares of BJ's Wholesale closed yesterday at $37.44.
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