BJ's Wholesale Club Announces Third Quarter Earnings.

Business Editors

NATICK, Mass.--(BUSINESS WIRE)--Nov. 19, 2002

BJ's Wholesale Club, Inc. (NYSE: BJ) today reported net income of $23.4 million, or $.33 per diluted share, for its third quarter ended November 2, 2002. In last year's third quarter, the Company reported a net loss of $33.5 million, or $.46 per diluted share.

Net income for the third quarter ended November 2, 2002 included, on a post-tax basis, club closing charges of $12.6 million, asset impairment charges of $1.1 million, executive separation expense of $.8 million, and a ...

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