BJ's Wholesale Club (BJ) Tops Q2 EPS by 27c, Comps Rise 19.8%; Raises Outlook
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BJ's Wholesale (BJ) PT Raised to $90 at Jefferies
August 19, 2022 8:17 AM EDTJefferies analyst Stephanie Wissink raised the price target on BJ's Wholesale (NYSE: BJ) to $90.00 (from $85.00) while maintaining a Buy rating following the Q2 beat.
The analyst commented, "2Q results demonstrate the strength of value in the current environment, as comps (ex. fuel) of... More
BJ's Wholesale Club (BJ) Tops Earnings Estimates - Well Positioned in Near and Long-term
August 18, 2022 10:34 AM EDTShares of BJ's Wholesale Club (NYSE: BJ) rallied in early Thursday trading after the company posted earnings before the bell, with earnings and revenue trouncing expectations.
The membership-only retailer reported second-quarter earnings of $1.06, $0.27 better than the analyst estimate of $0.79. Revenue for the quarter came in at $5.01 billion versus the consensus estimate of $4.62 billion.
In addition, total comparable club sales increased by 19.8% year-over-year, while membership fee income increased by 11.3% year-over-year to $98.8... More
