BJ - BJ's Wholesale Misses Sales Mark In Q4 Navigates Mixed Quarter With Positive Outlook | Benzinga
BJ’s Wholesale Club Holdings Inc (NYSE:BJ) reported fourth-quarter FY23 sales growth of 8.7% year-on-year to $5.36 billion, missing the analyst consensus of $5.39 billion.
Total comparable club sales decreased by 0.4%. Comparable club sales, excluding gasoline sales, increased by 0.5%.
Membership fee income increased by 6.5% to $108.4 million. Digitally enabled comparable sales climbed 28% Y/Y.
Gross profit rose 6.7% Y/Y to $963.3 million with a margin of 17.9%. Merchandise gross margin rate, which excludes gasoline sales and membership fee income, decreased by 40 basis points ...