BJ's Wholesale Club (BJ) Tops Q3 EPS by 5c, Revenues miss, Comp. Sales Up 1.9%; Lifts FY18 EPS/Revenue Outlook

BJ's Wholesale Club (NYSE: BJ) reported Q3 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.17 billion.

• Net sales for the quarter increased 4.3% to $3.2 billion
• Comparable club sales for the quarter excluding gasoline sales increased 1.9%
• Income from continuing operations of $54.6 million and third quarter Adjusted EBITDA of $148.6 million, a 5.3% increase over the third quarter of fiscal 2017
• Net Income of $54.4 million or $0.39 per diluted share. Adjusted Net Income of $53.8 million, or $0.39 per diluted share, an increase of 53.1% over the third quarter of fiscal 2017
• Increases earnings outlook for fiscal 2018

“We’re pleased with our third quarter performance, which exceeded our expectations for sales and earnings,” said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ’s Wholesale Club. “We continue to execute against our strategic priorities and have now delivered eleven consecutive quarters of improved profitability and five quarters of positive comp sales. We are still in the very early stages of our transformation and have significant opportunities ahead. We are optimistic our approach will deliver benefits to our members, shareholders and team members over the long term.”

GUIDANCE:

BJ's Wholesale Club sees FY2018 EPS of $1.22-$1.26, versus the consensus of $1.23. BJ's Wholesale Club sees FY2018 revenue of $12.65-12.75 billion, versus the consensus of $12.99 billion.

For earnings history and earnings-related data on BJ's Wholesale Club (BJ) click here.

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