Thursday, August 22, 2019

BJ’s Wholesale’s Q2 earnings beat analysts’ estimates

Chain Store Age
BJ’s Wholesale Club Holdings Inc. swung to a profit in its second quarter with earnings that came in ahead of the Street.

Total revenue rose 1.2% to $3.345 billion, below Street estimates, as retail sales grew 1.1% to $3.271 billion and membership fee income increased 6.0% to $74.697 million.

Same-store sales, excluding gasoline sales, rose 1.6%, in line with expectations. . . . more