NATICK, Mass. — BJ’s Wholesale Club here yesterday reported a sharp rise in fourth-quarter net income, citing strong sales of high-margin items such as perishables. Net income for the quarter, which ended Feb. 2, totaled $50.2 million, vs. $11.9 million in the year-ago period. Sales for the fourth quarter, which included one less week than the preceding year, were up 1.9%, to $2.4 billion. Comparable-store sales, adjusted for the extra week, were up 5.4% in the fourth quarter, including a ...
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.
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.