NATICK, Mass. -- Saying rising gas prices have hurt profits, BJ's Wholesale Club here reduced its earnings forecast for the year by about 3 cents per share. The warehouse club, which strives to price its fuel below that of local competitors, saw profits in the gasoline segment drop as prices and sales for the category rose, Paul McDonough, BJ's senior vice president of finance, told analysts in a conference call discussing the chain's second-quarter financial results. "We don't expect any ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.