BJ's Wholesale Club Shares Gain On Q1 Earnings Beat

  • BJ's Wholesale Club Holdings Inc BJ reported first-quarter FY22 total revenue growth of 16.2% year-on-year to $4.49 billion, beating the consensus of $4.24 billion.
  • Total comparable club sales increased by 14.4%. Comparable club sales, excluding gasoline sales, increased by 4.1%.
  • Gross profit rose 8.8% Y/Y to $790.6 million with a margin of 18%.
  • The operating margin was 3.3%, and operating income for the quarter rose 19.1% to $150.3 million.
  • Adjusted EBITDA of $220.8 million increased 9.1% Y/Y.
  • Adjusted EPS of $0.87 beat the analyst consensus of $0.71.
  • BJ's Wholesale Club held $37.9 million in cash and equivalents as of April 30, 2022.
  • Cash provided by operating activities for the quarter totaled $44.3 million.
  • Outlook: BJ's Wholesale noted its FY22 EPS outlook of flat year-over-year remains unchanged.
  • Price Action: BJ shares traded higher by 8.08% at $57.74 on the last check Thursday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!