BJ’s Wholesale Club Reports Strong Q2 Results, Raises Full-Year Earnings Outlook
BJ’s Wholesale Club Holdings Inc (NASDAQ: BJ) reported fiscal second-quarter results that exceeded Wall Street estimates on both revenue and adjusted earnings. Total revenue rose to $6.227 billion from $5.381 billion a year ago, driven by strong net sales growth of 15.9% to $6.091 billion. Adjusted diluted EPS increased 19.3% to $1.36 per share, surpassing the estimated $1.17. The company raised its full-year adjusted EPS guidance from $4.40-$4.60 to $4.60-$4.80 and maintained expectations for capital expenditures of around $800 million. Membership growth also contributed significantly with total members reaching a record 8.5 million, while digitally enabled sales surged by 30%. BJ’s opened three new clubs in Texas during the quarter. Despite margin pressures from pricing investments, gross profit increased to $1.11 billion and operating income rose 16.5% year-over-year to $252.4 million. The company generated strong cash flow of $401.5 million and repurchased shares worth $124.1 million.
Tickers: $BJ
Topics: Digital Sales Earnings Report Membership Growth Retail