BJ - BJ's Wholesale Club Analysts Raise Their Forecasts After Upbeat Results | Benzinga
BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) reported better-than-expected results for its first quarter on Thursday.
The company posted quarterly revenue growth of 4.1% year-on-year to $4.918 billion, beating the analyst consensus estimate of $4.831 billion. Total comparable club sales increased by 1.6%. Adjusted EPS of 85 cents beat the analyst consensus estimate of 83 cents, according to data from Benzinga Pro.
Gross profit rose 0.4% Y/Y to $883.4 million. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, decreased by 50 basis points Y/Y.
"During the first quarter, we delivered strong increases in membership, ...