2024-05-15 12:41:24 ET
Summary
- BJ's Wholesale Club Holdings, Inc. is set to report its Q1/FY2024 financial results on the 23rd of May, with analysts expecting modest growth and a slightly worse year-over-year operational margin.
- The company sees some challenges going forward, and Q1 has seen deflation in a generally inflationary environment, contributing to slightly lower expected growth.
- BJ's has continued to expand the club footprint both in old and newer states with $500 million in anticipated capital expenditures for FY2024.
- The stock continues to have a relatively attractive valuation, making the stock a stable pick.
BJ's Wholesale Club Holdings, Inc. ( BJ ) is going to report the company’s Q1/FY2024 financial results on the 23 rd of May in the pre-market. The company has given a FY2024 financial outlook outlining modest expected comparable club sales growth, and BJ’s first quarter of the fiscal year is expected to show a modest revenue growth with continued stable profitability....
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BJ's Wholesale Club: Modest Q1 Expected With Anticipated Deflation