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BJ's Wholesale's stock soars after profit beat expectations, guidance affirmed
BJ's Wholesale's stock soars after profit beat expectations, guidance affirmed
Shares of BJ's Wholesale Club Holdings Inc. shot up 11% in premarket trading Thursday, after the membership-based wholesale retailer reported a fiscal second-quarter profit that beat expectations, same-store sales that matched and revenue that came up a little light. For the quarter to Aug. 3, BJ's swung to net income of $54.5 million, or 39 cents a share, from a loss of $5.6 million, or 5 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to 39 cents from 31 cents, beating the FactSet consensus of 37 cents. Total revenue rose 1.2% to $3.35 billion, just shy of the FactSet consensus of $3.39 billion, as sales grew 1.1% to $3.27 billion and membership fee income increased 6.0% to $74.7 million. Same-store sales, excluding gasoline sales, rose 1.6%, to match the FactSet consensus. The company affirmed its fiscal 2019 guidance for EPS of $1.42 to $1.50 and for sales of $12.9 billion to $13.2 billion. The stock has tumbled 11.3% over the past three months through Wednesday, while the S&P 500 has gained 2.4%.
https://finance.yahoo.com/m/9d3d763...169bc/bj's-wholesale's.html?.tsrc=rss
BJ's Wholesale's stock soars after profit beat expectations, guidance affirmed
Shares of BJ's Wholesale Club Holdings Inc. shot up 11% in premarket trading Thursday, after the membership-based wholesale retailer reported a fiscal second-quarter profit that beat expectations, same-store sales that matched and revenue that came up a little light. For the quarter to Aug. 3, BJ's swung to net income of $54.5 million, or 39 cents a share, from a loss of $5.6 million, or 5 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to 39 cents from 31 cents, beating the FactSet consensus of 37 cents. Total revenue rose 1.2% to $3.35 billion, just shy of the FactSet consensus of $3.39 billion, as sales grew 1.1% to $3.27 billion and membership fee income increased 6.0% to $74.7 million. Same-store sales, excluding gasoline sales, rose 1.6%, to match the FactSet consensus. The company affirmed its fiscal 2019 guidance for EPS of $1.42 to $1.50 and for sales of $12.9 billion to $13.2 billion. The stock has tumbled 11.3% over the past three months through Wednesday, while the S&P 500 has gained 2.4%.
https://finance.yahoo.com/m/9d3d763...169bc/bj's-wholesale's.html?.tsrc=rss
