BJ's Wholesale Club Q3 Results Top Estimates; Backs FY23 EPS Outlook

RTTNews | hace 366
Stocktwits
BJ's Wholesale Club Q3 Results Top Estimates; Backs FY23 EPS Outlook

(RTTNews) - BJ's Wholesale Club Holdings Inc. (BJ) announced Thursday that net income for the third quarter grew to $130.47 million or $0.97 per share from $129.94 million or $0.95 per share in the prior-year quarter.

Excluding items, adjusted net income was $0.98 per share, compared to $0.99 per share in the year-ago quarter.

Total revenues for the quarter increased 2.9 percent to $4.92 billion from $4.79 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.95 per share on revenues of $4.90 billion for the quarter. Analysts' estimates typically exclude special items.

Net sales grew 2.8 percent to $4.82 billion and membership fee income increased 6.6 percent to $106.05 million from last year. Digitally-enabled sales growth was 16 percent.

Total comparable club sales increased 0.3 percent. Comparable club sales, excluding the impact of gasoline sales, remained approximately flat.

Looking to fiscal 2023, the company continues to project earnings and adjusted in the range of $3.80 to $3.92 per share. The Street is looking for earnings of $3.85 per share for the year.

The company also now expects comparable club sales growth, excluding the impact of gasoline sales, to be 1.0 to 1.8 percent, down from original guidance for a 2 percent growth.

The company also now expects fourth-quarter comparable club sales growth, excluding the impact of gasoline sales, to be between down 2 percent and up 1 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: BJ
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CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

CPSC Recalls: Gazebos, Mowers, Power Banks, Coffee Makers, Candles, Baby Loungers

The U.S. Consumer Product safety Commission or CPSC has announced recalls including BJ's gazebos, Stanley Black & Decker mowers, IKEA power banks, ALDI coffee makers, Trader Joe's candles, and certain baby loungers, citing various reasons. The recalls include BJ's Wholesale Club's' about 32,500 units of Berkley Jensen Gazebos citing injury risk; Stanley Black & Decker Inc.'s about 46,200 units...
RTTNews | hace 93
Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits

Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits

Retailers Lowe's Cos. Inc. (LOW), BJ's Wholesale Club Holdings Inc. (BJ) and DICK'S Sporting Goods, Inc. (DKS) reported profits for the fourth quarter, with Lowe's and DICK'S Sporting topping estimates, while BJ's met it. DICK'S Sporting and BJ's also reaffirmed their respective guidance for the full-year 2023, while Lowe's trimmed it.
RTTNews | hace 544
BJ's Wholesale Club Appoints President And CEO Bob Eddy As Chairman

BJ's Wholesale Club Appoints President And CEO Bob Eddy As Chairman

BJ's Wholesale Club Holdings, Inc. (BJ), a leading operator of membership warehouse clubs, announced Thursday that its board of directors has appointed President and Chief Executive Officer Bob Eddy as chairman of the board, effective June 15, 2023. Eddy will succeed Chris Baldwin, who will remain on the company's board as a director.
RTTNews | hace 563
BJ's Wholesale Q4 Results Top Estimates

BJ's Wholesale Q4 Results Top Estimates

Retailer BJ's Wholesale Club Holdings, Inc. (BJ) announced Thursday that profit for the fourth quarter increased 20.7 percent from last year, driven by improved gross margins and 13.1 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts' estimates. The company also initiated earnings guidance for the full-year 2023, below estimates.
RTTNews | hace 619
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