BJ's Wholesale Club (BJ) Reports In-Line Q1 EPS, Revenues Miss

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Go back to BJ's Wholesale Club (BJ) Reports In-Line Q1 EPS, Revenues Miss

BJ’s Wholesale Club Holdings, Inc. Announces First Quarter Fiscal 2023 Results

May 23, 2023 6:45 AM EDT

Record first quarter net income and adjusted EBITDA led by strong growth in traffic, market share and merchandise margin

First Quarter Fiscal 2023 Highlights

Comparable club sales, excluding gasoline sales, increased by 5.7% year-over-year Digitally enabled comparable sales growth was 19.0% year-over-year Membership fee income increased by 6.1% year-over-year to $102.5 million Merchandise gross margin rate increased 100 basis points year-over-year Earnings per diluted share and adjusted earnings per diluted share of $0.85 Income from continuing... More