BJ's Wholesale Club (BJ) Tops Q1 EPS by 35c, Revenues Beat

BJ's Wholesale Club (NYSE: BJ) reported Q1 EPS of $0.69, $0.35 better than the analyst estimate of $0.34. Revenue for the quarter came in at $3.72 billion versus the consensus estimate of $3.31 billion.

• Comparable club sales, excluding gasoline sales, increased by 27.0%, including digitally enabled sales growth of 350% for the first quarter of fiscal 2020.
• Income from continuing operations increased by 165.3% year-over-year to $95.7 million, for the first quarter of fiscal 2020.
• Adjusted EBITDA increased by 56.3% year-over-year to $193.9 million, for the first quarter of fiscal 2020.
• Earnings per diluted share of $0.69, reflects a 176.0% year-over-year growth.
• Adjusted earnings per diluted share of $0.69, reflects 165.4% year-over-year growth.
• Net cash provided by operating activities was $469.9 million and free cash flow was $434.7 million, for the first quarter of fiscal 2020.
• Company recognizes dedication of BJ's team members and invests $51 million in wages and bonuses.

“Our top priority remains the health and safety of our members and team members during this challenging time and I am deeply thankful for the contributions of our dedicated team members this past quarter,” said Lee Delaney, President and Chief Executive Officer, BJ’s Wholesale Club. "While the coronavirus pandemic increased demand for our services, our team's hard work and the capabilities we have built over the last four years have enabled us to thrive and deliver very strong merchandise comparable sales. Furthermore, we drove earnings and cash flow growth and invested in our team members and our business. These efforts will allow us to continue to build on this momentum and position ourselves for success over the long-term."

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

You May Also Be Interested In

• Ericsson shares rise as Q1 report reveals strong earnings, gross margin beat
• Microsoft invests $1.5 bln in Abu Dhabi AI firm G42, takes board seat
• Wise shares down 7% after a 'mixed bag' FQ4 earnings report