Thursday, March 4, 2010

Costco Wholesale Corp "COST" Profits Up


BJ's Wholesale Club Inc.'s earnings rose 4.6% on legal gains as the warehouse retailer gave a cautious view for the new year.

The No. 3 U.S. warehouse-club operator after Costco Wholesale Corp. and Wal-Mart Stores Inc.'s Sam's Club sees profit for the year at $2.54 to $2.64 a share, with the first quarter's target at 40 cents to 45 cents. Analysts' average estimates, were $2.74 and 43 cents, respectively.

BJ's said February same-store sales jumped 7.5%, half that ...

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