BJ's Wholesale Club Announces Third Quarter EPS of $.43

BJ's Wholesale Club, Inc. BJ today reported net income of $23.0 million, or $0.43 per diluted share, for the third quarter of 2010. For the third quarter of 2009, the Company reported net income of $17.4 million, or $0.32 per diluted share. These results included a charge of $11.7 million pre-tax ($6.9 million post-tax), or $0.13 per diluted share, to establish a reserve in connection with the settlement of a legal claim relating to wage and hour job classification claims. For the first nine months of 2010, net income was $84.8 million, or $1.58 per diluted share. For the first nine months of 2009, the Company reported net income of $76.7 million, or $1.40 per diluted share. The 2009 results included the third quarter charge, as mentioned above.