Natick, Mass. (March 4, 2009) BJ's Wholesale Club Inc. on Wednesday reported better-than-expected results with the news that its fiscal fourth-quarter profit rose 5% partly on favorable state income tax audit settlements.

Earnings for the quarter ended Feb. 2 climbed to $52.7 million, from $50.2 million in the same quarter a year ago.

Revenue grew 3% to $2.56 billion from $2.48 billion. Same-store sales increased 1.7%. Excluding gas, same-club sales rose 6.4%.

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