BJ's Wholesale Club Holdings, Inc. (BJ) came up with its second-quarter fiscal 2024 results, delivering strong performance as revenues and earnings surpassed the Zacks Consensus Estimate, with year-over-year improvements in both metrics. Additionally, the company's comparable club sales showed decent growth. Despite better-than-expected results, shares of the Marlborough, MA-based company dropped approximately 6.8% during the Aug 22 trading session. The company's cautious outlook primarily drove the market ...

Smile Investment summary My previous investment thought on BJ's Wholesale Club Holdings (NYSE:BJ) (published on 29th March) was a hold rating because the valuation was not attractive despite a healthy fundamental outlook. I still find it hard to upgrade BJ to a buy rating because of the valuation trading today, which is expensive relative to peers, and considering my expected EPS growth for the business. 2Q24 results update Released yesterday, BJ 2Q24 saw total revenue of $5.2 billion (~5% y/y growth), driv ...

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) Q2 2024 Earnings Conference Call August 22, 2024 8:30 AM ET Company Participants Cathy Park - IR Bob Eddy - Chairman & CEO Laura Felice - CFO Bill Werner - EVP, Strategy & Development Conference Call Participants Maddie Barnes - Bank of America Peter Benedict - Baird Michael Baker - D.A. Davidson Ryan Bulger - Gordon Haskett Simeon Gutman - Morgan Stanley Mark Carden - UBS Operator Hello everyone, and welcome to BJ's Wholesale Club Holdings Inc Second Quarter Fis ...

Shares of the warehouse retailer dipped on weak guidance. Shares of BJ's Wholesale Club (BJ -5.77%) were sliding today in response to news of an underwhelming second-quarter earnings report from the warehouse club chain. While the company topped estimates for the quarter past, guidance called for full-year earnings per share (EPS) to come at the lower end of this guidance. As a result, the stock was down 6.5% as of 12:46 p.m. ET. BJ's edges out expectations The warehouse club chain, which competes with Sam' ...

Mina De La O BJ's Wholesale Club Holdings, Inc. (NYSE:BJ) in our view is taking a breather. Some healthy consolidation, really. We think the long-term story remains intact, and future weakness is worth considering. For now, we remain at "hold," but if the price dips into the $70s, it is worth considering. As a reminder, if you do not have a BJ's club in your area, this is like a warehouse type store chain. The company operates hundreds of membership-only clubs in well over a dozen states. You may be familia ...

Key Takeaways BJ's Wholesale Holdings said full-year adjusted earnings per share could be at the low end of its forecast because of long-term investments. The retailer's selling, general, and administrative expenses increased 8% from a year ago. Adjusted earnings per share, revenue, net sales, and membership fees all exceeded analysts' estimates. BJ's Wholesale Club (BJ) shares sank after the retailer gave soft guidance as it looks to invest more money into the business. BJ's CFO Laura Felice said full-year ...

Pre-market futures are keeping mildly positive this morning, as they were yesterday at the closing bell. We do have seasonal lower volume overall, so it's nice to see the moves at these levels remain in the green. The Dow is up another +45 points, the S&P 500 +11 and the Nasdaq +63 points at this hour. Bond yields are also cooling slightly: 3.83% on the 10-year, 3.97% on the 2-year. Jobless Claims Stay Well-Behaved This being Thursday morning, we see new Weekly Jobless Claims flattish with last week's talli ...

BJ's Wholesale Club (BJ) reported $5.21 billion in revenue for the quarter ended July 2024, representing a yearover-year increase of 4.9%. EPS of $1.09 for the same period compares to $0.97 a year ago. The reported revenue represents a surprise of +0.95% over the Zacks Consensus Estimate of $5.16 billion. With the consensus EPS estimate being $1.00, the EPS surprise was +9.00%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

BJ's Wholesale Club (BJ) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9%. A quarter ago, it was expected that this wholesale membership warehouse operator would post earnings of $0.83 per share when it actually produced earnings of $0.85, delivering a surprise of 2.41%. Over the last ...

Exhibit 99.1 BJ's Wholesale Club Holdings, Inc. Announces Second Quarter Fiscal 2024 Results Second quarter demonstrates strong momentum in membership, traffic, and unit volumes Second Quarter Fiscal 2024 Highlights • Comparable club sales increased by 3.1% year-over-year • Comparable club sales, excluding gasoline sales, increased by 2.4% year-over-year • Digitally enabled comparable sales growth was 22.0% year-over-year • Membership fee income increased by 9.1% year-over-year to $113.1 million • Earnings ...