BJ's Q2 Comps Beat, EPS Tops Views; Full-Year Guidance Raised
BJ is trading near its 52-week low of $83.212 (14% above the low).
Summary
BJ's Wholesale Club delivered a strong Q2, with comparable-club sales excluding fuel up 3.1% versus the 2.6% consensus, and adjusted EPS of $1.36 beating the $1.17 estimate. Total revenue rose 16% to $6.23 billion, driven by a 9.9% increase in membership-fee income to $135.6 million and a record 8.5 million members. The company raised its full-year adjusted EPS guidance to $4.60-$4.80 from $4.40-$4.60, while maintaining its 2%-3% comp sales outlook. Shares rose 4.6% to $95.51 in morning trading. This follows the earlier guidance headline and adds the actual quarterly results and market reaction.
At the time of this announcement, BJ was trading at $94.82 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.1B. The 52-week trading range was $83.21 to $106.69. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.