BJ's Wholesale (BJ) dips after not raising profit outlook despite Q3 beat
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BJ’s Wholesale Club Holdings, Inc. Announces Third Quarter Fiscal 2023 Results
November 17, 2023 6:45 AM ESTStrong third quarter earnings led by membership growth, traffic and margin improvement Â
Third Quarter Fiscal 2023 Highlights
Comparable club sales, excluding gasoline sales, remained approximately flat year-over-year Digitally enabled comparable sales growth was 16.0% year-over-year Membership fee income increased by 6.6% year-over-year to $106.1 million Merchandise gross margin rate increased by 30 basis points year-over-year Earnings per diluted share of $0.97 and adjusted earnings per diluted share of $0.98 Income from continuing operations of $130.5 million Adjusted EBITDA of $274.9 millionMARLBOROUGH, Mass.--(BUSINESS WIRE)-- BJs... More
