BJ's Wholesale Club (BJ) Approves $500M Buyback Program
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BJ’s Wholesale Club Holdings, Inc. Announces Third Quarter Fiscal 2021 Results
November 18, 2021 6:45 AM ESTThird Quarter Fiscal 2021 and Recent Highlights
Third Quarter Fiscal 2021 Highlights
Board authorizes share repurchase program of up to $500 million Membership size and quality continues to improve; first-year renewal rates remain at historic levels. Total comparable sales increased by 13.1%, reflecting two-year stacked comp of 27.2%. Comparable club sales, excluding gasoline sales, increased by 5.7%, reflecting two-year stacked comp of 24.2%. Digitally-enabled sales growth was 44%, reflecting two-year stacked comp growth of 244%. Earnings per diluted share of $0.92 reflects a 4.5% year-over-year increase. Net cash provided by operating activities was... More