BJ - Why Warehouse Club Chain BJ's Shares Are Falling Today | Benzinga
BJ's Wholesale Club Holdings Inc (NYSE: BJ) reported a third-quarter FY23 sales growth of 2.9% year-over-year to $4.92 billion, missing the analyst consensus of $4.96 billion.
Total comparable club sales increased by 0.3%. Comparable club sales, excluding gasoline sales, were flat.
Membership fee income increased by 6.6% to $106.05 million. Digitally enabled comparable sales climbed 16% Y/Y.
Gross profit rose 4.3% Y/Y to $902.5 million from $877.1 million in 3Q22. Merchandise gross margin rate increased by 30 bps YoY.
Operating margin expanded slightly ...