BJ's Wholesale Club (BJ) Tops Q2 EPS by 20c, Comps Rise 24.2%
BJ's Wholesale Club (NYSE: BJ) reported Q2 EPS of $0.77, $0.20 better than the analyst estimate of $0.57. Revenue for the quarter came in at $3.87 billion versus the consensus estimate of $3.72 billion.
- Comparable club sales, excluding gasoline sales, increased by 24.2%, including digitally enabled sales growth of over 300% for the second quarter of fiscal 2020.
- Income from continuing operations increased by 96.5% year-over-year to $106.7 million, for the second quarter of fiscal 2020.
- Adjusted EBITDA increased by 41.6% year-over-year to $216.9 million, for the second quarter of fiscal 2020.
- Earnings per diluted share of $0.76, reflects a 94.9% year-over-year growth.
- Adjusted earnings per diluted share of $0.77, reflects 97.4% year-over-year growth.
- Net cash provided by operating activities was $733.7 million and free cash flow was $654.8 million, for the first half of fiscal 2020.
- Company recognizes dedication of BJ\'s team members and invests $31.4 million and $82.7 million in wages and bonuses, quarter to date and year to date, respectively.
“We continue to be extremely grateful for the dedication of our team members, who have exemplified our core values and continue to serve our members and communities during these difficult times” said Lee Delaney, President and Chief Executive Officer, BJ’s Wholesale Club. "We delivered another remarkable quarter with strong comp growth and record profitability. Our business has been transformed and strengthened in the last six months by every measure. We are extremely well positioned to continue to win as we invest in digital capabilities, membership, assortment, marketing and geographic expansion to further accelerate this transformation."
For earnings history and earnings-related data on BJ's Wholesale Club (BJ) click here.
