Reports Q2 revenue $5.38B, consensus $5.48B. Comparable club sales decreased by 0.3% year-over-year due to declining retail prices of fuel. Comparable club sales, excluding gasoline sales, increased by 2.3% year-over-year, led by traffic growth. “Our business model continues to perform and build upon momentum, as we grow membership and gain market share even in a dynamic environment. We enter the back half of the year on solid footing and confident in our ability to deliver strong results,” said Bob Eddy, Chairman and Chief Executive Officer, BJ‘s Wholesale (BJ) Club. “We are on a powerful trajectory and our teams remain steadfast towards executing on our long-term objectives.”
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