Market Overview

BJ's Wholesale Club Holdings, Inc. Announces Third Quarter Fiscal 2019 Results

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Board Authorizes Stock Repurchase Program of up to $250 Million

  • Net sales for the third quarter of fiscal 2019 increased 0.1% to $3.2 billion, compared to the third quarter of fiscal 2018.
  • Comparable club sales excluding gasoline sales increased 1.1% for the third quarter of fiscal 2019, compared to the third quarter of fiscal 2018.
  • Income from continuing operations of $55.2 million for the third quarter of fiscal 2019, compared to income from continuing operations of $54.6 million in the third quarter of fiscal 2018.
  • Adjusted EBITDA for the third quarter of fiscal 2019 increased 3.8% to $154.1 million, compared to the third quarter of fiscal 2018.
  • Net income was $55.1 million, or $0.40 per diluted share, and adjusted net income was $56.6 million, or $0.41 per diluted share, for the third quarter of fiscal 2019.
  • Net cash provided by operating activities was $221.5 million for the first nine months of fiscal 2019. Free cash flow was $77.1 million for the first nine months of fiscal 2019.
  • Company updates outlook for fiscal 2019.

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) (the "Company") today announced its financial results for the thirteen and thirty-nine weeks ended November 2, 2019.

"We delivered solid margin improvement and continued earnings growth in the third quarter " said Christopher J. Baldwin, Chairman and Chief Executive Officer, BJ's Wholesale Club. "We remain focused on executing against our strategic plan and transforming our business to be well positioned for the long-term. The board's decision to authorize a stock repurchase program reflects the strength of our cash flow and confidence in our growth strategy and long-term outlook."

Key Measures for the Thirteen Weeks Ended November 2, 2019 (Third Quarter of Fiscal 2019) and for the Thirty-Nine Weeks Ended November 2, 2019 (First Nine Months of Fiscal 2019):

BJ'S WHOLESALE CLUB HOLDINGS, INC.

(Amounts in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended

 

13 Weeks Ended

 

 

 

39 Weeks Ended

 

39 Weeks Ended

 

 

 

 

November 2, 2019

 

November 3, 2018

 

% Growth

 

November 2, 2019

 

November 3, 2018

 

% Growth

Net sales

 

$

3,152,887

 

 

$

3,150,234

 

 

0.1

%

 

$

9,493,795

 

 

$

9,380,640

 

 

1.2

%

Membership fee income

 

76,517

 

 

71,429

 

 

7.1

%

 

224,587

 

 

209,825

 

 

7.0

%

Total revenues

 

3,229,404

 

 

3,221,663

 

 

0.2

%

 

9,718,382

 

 

9,590,465

 

 

1.3

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

100,932

 

 

90,327

 

 

11.7

%

 

270,355

 

 

193,571

 

 

39.7

%

Income from continuing operations

 

55,196

 

 

54,568

 

 

1.2

%

 

145,574

 

 

63,379

 

 

129.7

%

Adjusted EBITDA (a)

 

154,144

 

 

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