BJ's Wholesale Club (BJ) shares slide as Q2 sales miss consensus expectations
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BJ’s Wholesale Club Holdings, Inc. Announces Second Quarter Fiscal 2023 Results
August 22, 2023 6:45 AM EDTStrong second quarter earnings driven by growth in market share, traffic, and margins
Second Quarter Fiscal 2023 Highlights
Comparable club sales, excluding gasoline sales, increased by 1.1% year-over-year Digitally enabled comparable sales growth was 15.0% year-over-year Membership fee income increased by 5.0% year-over-year to $103.7 million Merchandise gross margin rate increased by 90 basis points year-over-year Earnings per diluted share and adjusted earnings per diluted share of $0.97 Income from continuing operations of $131.3 million Adjusted EBITDA of $268.8 million The Company opened one new club and one new... More