Reports Q3 revenue $5.35B, consensus $5.34B. Comparable club sales increased by 1.1% year-over-year. Comparable club sales, excluding gasoline sales, increased by 1.8% year-over-year, with a two-year stack of 5.5%. “Our business continues to perform well in a volatile environment and we are maintaining an unwavering focus on what matters most: taking care of families who depend on us,” said Bob Eddy, Chairman and Chief Executive Officer, BJ‘s Wholesale (BJ) Club. “We are confident that we can be the destination for value and convenience, and we are entering the holiday season with momentum.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BJ:
- Is BJ a Buy, Before Earnings?
- Cautious Outlook for BJ’s Wholesale Club Holdings Amid Market Challenges and Leadership Changes
- Evercore cuts BJ’s target, adds to ‘Tactical Underperform’ list
- Positive Long-Term Outlook for BJ’s Wholesale Club Amid Near-Term Challenges
- BJ’s Wholesale price target lowered to $90 from $110 at JPMorgan
