Three units will open in the fourth quarter, for a total of fourfor this year. But next year will nearly double that growth,despite financing problems.

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"We may be cautious with our share repurchase to make sure wecan fund chain expansion as needed," said Laura Sen, president.

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Net sales for the third quarter of 2008 were approximately $2.4billion, an increase of 13.4% over the third quarter of 2007. Aidedby high gas prices during the quarter, the company reported netincome of $28.2 million, compared to net income of $22.7million.

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"Since we started selling gasoline in 1998, we have never seensuch market conditions," said Frank D. Forward, CFO.

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Comparable store sales excluding gas rose 6.6%, with a totalcomp increase of 11.9%. Food comp sales rose approximately 11% asshoppers move from supermarkets and eating out.

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"It is clear that we are capturing a bigger share of ourmember's grocery budget and we believe that we are benefiting froma decline in casual restaurant dining," Sen said.

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General merchandise sales declined approximately 1%, withtelevision sales hit particularly hard. The company expects thispattern to hold in the fourth quarter, with strong food salesoffsetting weaker general merchandise sales.

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BJ's currently operates 177 clubs in 15 states.

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