August 19, 2009
Earnings Dip As Sales Drop 5.2% At BJ's
By Matthew L. Brown
BJ's Wholesale Club Inc.'s second quarter profit dipped from $36.5 million a year ago to $35.1 million as of Aug. 1, the company reported.
Last year's second quarter profit included $2 million from an after-tax state income tax audit settlement, the Natick-based company said.
Total sales for the quarter were $2.5 billion, a 5.2 percent decrease compared to 2008, and same-store sales decreased by 7.7 percent over the same time.
The company said it expects to report a profit for the year of between $134 million and $140 million.
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